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Jean's Vegetable Market had the following transactions during 2016: Issued $50,000 of par value common stock for cash. Repaid a 6 year note payable in
Jean's Vegetable Market had the following transactions during 2016:
- Issued $50,000 of par value common stock for cash.
- Repaid a 6 year note payable in the amount of $22,000.
- Acquired land by issuing common stock of par value $100,000.
- Declared and paid a cash dividend of $2,000.
- Sold a long-term investment (cost $3,000) for cash of $8,000.
- Acquired an investment in IBM stock for cash of $15,000.
What is the net cash provided (used) by investing activities?
In this case, what are the investing activities? 3, 5 and 6?
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