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Which of the following transactions does not affect cash during a period? a. b. c. d. Write-off of an uncollectible account Collection of an accounts
Which of the following transactions does not affect cash during a period? a. b. c. d. Write-off of an uncollectible account Collection of an accounts receivable Sale of treasury stock Exercise of the call option on bonds payable Jean's Vegetable Market had the following transactions during 2017 1. Issued S50,000 of par value common stock for cash 2. Repaid a 6 year note payable in the amount of $22,000. 3. Acquired land by issuing common stock of par value $100,000. 4. Declared and paid a cash dividend of $2,000. 5. Sold a long-term investment (cost $3,000) for cash of $8,000. 6. Acquired an investment in IBM stock for cash of $15,000 What is the net cash provided (used) by investing activities? a. $15,000 b. $33,000 c. ($7,000) d. $8,000
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