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Question 19 A corporation has the following account balances: Common Stock, 51 par value, $80,000: Paid-in Capital in Excess of Par Value, $2,700,000. Based on this information, the O Legal capital is $2,780,000. Number of shares issued is 80,000 Number of shares outstanding is 2,780,000 Average price per share issued is $3.48 Moving to another question will save this response Question 20 The two ways that a corporation can be classified by ownership are Publicly held and privately held. Stock and non-stock Inside and outside Majority and minority Moving to another question will save this response. Question 21 Zoum Corporation had the following transactions during 2019: 1. Issued $125,000 of par value common stock for cash. 2. Recorded and paid wages expense of $60,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $10,000 5. Sold a long-term investment (cost $3,000) for cash of $3,000 6. Recorded cash sales of $400,000 7. Bought inventory for cash of $160,000. 8. Acquired an investment in Zynga stock for cash of $21,000. 9. Converted bonds payable to common stock in the amount of $500,000 10. Repaid a 6 year note payable in the amount of $220,000. What is the net cash provided by investing activities? 5432.000 $212.000 O (518,000) (568,000)

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