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Question 24 Zoum Corporation had the following transactions during 2022: 1. Issued $250,000 of par value common stock for cash. 2. Recorded and paid
Question 24 Zoum Corporation had the following transactions during 2022: 1. Issued $250,000 of par value common stock for cash. 2. Recorded and paid wages expense of $120,000. 3. Acquired land by issuing common stock of par value $100,000 4. Declared and paid a cash dividend of $20,000. 5. Sold a long-term investment (cost $6.000) for cash of $6,000. 6. Recorded cash sales of $800,000. 7 Bought inventory for cash of $320.000. 8. Acquired an investment in Zynga stock for cash of $42.000. 9. Converted bonds payable to common stock in the amount of $1,000,000. 10. Repaid a 6-year note payable in the amount of $440,000. What is the net cash provided by operating activities? $360.000 $580,000 O $480.000 $610,000
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