Question
Zicklin Corporation had the following transactions during 2021: 1. Acquired an investment in Zynga stock for cash of $21,000. 2. Issued $125,000 of par value
Zicklin Corporation had the following transactions during 2021: 1. Acquired an investment in Zynga stock for cash of $21,000. 2. Issued $125,000 of par value common stock for cash. 3. Recorded wages expense of $6,000 and paid wage expenses of $5,000 in cash. 4. Received a cash dividend of $10,000 from Zynga Company. 5. Sold a long-term investment (cost $4,000) for cash of $4,000. 6. Recorded credit sales of $50,000 and receive cash of $40,000 from the credit sales. 7. Bought inventory for cash of $16,000. What is the net cash provided by investing activities? Multiple Choice $16,000 outflow $4,000 inflow $18,000 outflow $17,000 outflow
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