Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Joan's Vegetable Market had the following transactions during 2012: 1.Issued $50,000 of par value common stock for cash.2.Repaid a 6 year note payable in the
Joan's Vegetable Market had the following transactions during 2012:
1.Issued $50,000 of par value common stock for cash.2.Repaid a 6 year note payable in the amount of $22,000.3.Acquired land by issuing common stock of par value $100,000.4.Declared and paid a cash dividend of $2,000.5.Sold a long-term investment (cost $63,000) for cash of $6,000.6.Acquired an investment in IBM stock for cash of $12,000.
What is the net cash provided by investing activities?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started