Question
Metlock, Inc.had the following transactions during 2022: 1. Issued $302500 of par value common stock for cash. 2. Recorded and paid wages expense of $145200.
Metlock, Inc.had the following transactions during 2022: 1. Issued $302500 of par value common stock for cash. 2. Recorded and paid wages expense of $145200. 3. Acquired land by issuing common stock of par value $121000. 4. Declared and paid a cash dividend of $24200. 5. Sold a long-term investment (cost $7260) for cash of $7260. 6. Recorded cash sales of $968000. 7. Bought inventory for cash of $387200. 8. Acquired an investment in Zynga stock for cash of $50820. 9. Converted bonds payable to common stock in the amount of $1210000. 10. Repaid a 6-year note payable in the amount of $532400. What is the net cash provided by investing activities?
A | ($43560). |
B | $513040 |
C | $1045440. |
D | ($164560). |
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