Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 20 of 30 > View Policies Current Attempt in Progress Pina Colada Corp. had the following transactions during 2022: 1. Issued $302500 of par

image text in transcribed
Question 20 of 30 > View Policies Current Attempt in Progress Pina Colada Corp. 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 financing activities? O $955900. O $278300. O $1464100. O $(254100) Save for Later

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

305 mg of C6H12O6 in 55.2 mL of solution whats the molarity

Answered: 1 week ago