Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Multiple Choice Question 65 Your answer is incorrect. Try again. Metlock, Inc.had the following transactions during 2022: 1. Issued $302500 of par value common stock
Multiple Choice Question 65 Your answer is incorrect. Try again. 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? ($43560). $513040 $1045440. ($164560)
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