Question
Nash's Trading Post, LLChad the following transactions during 2017: 1. Issued $167500 of par value common stock for cash. 2. Recorded and paid wages expense
Nash's Trading Post, LLChad the following transactions during 2017: 1. Issued $167500 of par value common stock for cash. 2. Recorded and paid wages expense of $80400. 3. Acquired land by issuing common stock of par value $67000. 4. Declared and paid a cash dividend of $13400. 5. Sold a long-term investment (cost $4020) for cash of $4020. 6. Recorded cash sales of $536000. 7. Bought inventory for cash of $214400. 8. Acquired an investment in Zynga stock for cash of $28140. 9. Converted bonds payable to common stock in the amount of $670000. 10. Repaid a 6-year note payable in the amount of $294800. What is the net cash provided (used) by investing activities?
$578880.
($91120).
($24120).
$284080
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