Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 6 of 21 View Policies Current Attempt in Progress Oriole Company had the following transactions during 2022: 1. Issued $280000 of par value common
Question 6 of 21 View Policies Current Attempt in Progress Oriole Company had the following transactions during 2022: 1. Issued $280000 of par value common stock for cash. 2. Recorded and paid wages expense of $134400. 3. Acquired land by issuing common stock of par value $112000. 4. Declared and paid a cash dividend of $22400. 5. Sold a long-term investment (cost $6720) for cash of $6720. 6. Recorded cash sales of $896000. 7. Bought inventory for cash of $358400. 8. Acquired an investment in Zynga stock for cash of $47040. 9. Converted bonds payable to common stock in the amount of $112000O. 10. Repaid a 6-year note payable in the amount of $492800. What is the net cash provided by operating activities? 0 $403200. 0 $649600. 0 $537600. 0 $683200
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