Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Oriole's Organic Produce Market had the following transactions during 2022: 1. Issued $54000 of common stock at par for cash. 2. Repaid a 6 year
Oriole's Organic Produce Market had the following transactions during 2022: 1. Issued $54000 of common stock at par for cash. 2. Repaid a 6 year note payable in the amount of $22200. 3. Acquired land by issuing common stock at par for $104000. 4. Declared and paid a cash dividend of $1800. 5. Sold a long-term investment (cost $2500 ) for cash of $7600. 6. Acquired an investment in IBM stock for cash of $15400. What is the net cash provided (used) by investing activities? ($7800)$7600$36100$15400
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