Question
Wildhorse Co. had the following transactions during 2022: 1. Issued $295000 of par value common stock for cash. 2. Recorded and paid wages expense of
Wildhorse Co. had the following transactions during 2022: 1. Issued $295000 of par value common stock for cash. 2. Recorded and paid wages expense of $141600. 3. Acquired land by issuing common stock of par value $118000. 4. Declared and paid a cash dividend of $23600. 5. Sold a long-term investment (cost $7080) for cash of $7080. 6. Recorded cash sales of $944000. 7. Bought inventory for cash of $377600. 8. Acquired an investment in Zynga stock for cash of $49560. 9. Converted bonds payable to common stock in the amount of $1180000. 10. Repaid a 6-year note payable in the amount of $519200. What is the net cash provided by financing activities?
| $271400. |
| $932200. |
| $(247800). |
| $1427800. |
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