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Joan's Vegetable Market had the following transactions during 2013: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year note
Joan's Vegetable Market had the following transactions during 2013:
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?
Select one:
A. $12,000
B. $6,000
C. ($6,000)
D. $32,000
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