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Constable, Inc. had the following transactions during 2022: 1. Issued $215,000 of par value common stock for cash. 2. Recorded and paid wages expense
Constable, Inc. had the following transactions during 2022: 1. Issued $215,000 of par value common stock for cash. 2. Recorded and paid wages expense of $103,600. 3. Acquired land by issuing common stock of par value $85.000. 4. Declared and paid a cash dividend of $17,100. 5. Sold a long term investment (cost $5.510) for cash of $5.510. 6. Recorded cash sales of $680.000. 7. Bought inventory for cash of $273.500. 8. Acquired an investment in Zynga stock for cash of $36,890. 9. Converted bonds payable to common stock in the amount of $880,000 10. Repaid a 6-year note payable in the amount of $379,500. What is the net cash provided by (or used by) investing activities? (If it is not cash used by investing activities, enter the answer as a negative number by putting a negative () sign before the answer).
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SOLUTION To determine the net cash provided by or used by investing activities we need to identify the relevant transactions related to investments Lets analyze the given transactions 1 Issued 215000 ...Get Instant Access to Expert-Tailored Solutions
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