Joy Elle's Vegatable Market had to following transactions during 2017: (1) Issued $100,000 of par value ordinary shares for cash. (2) Repaid a 6-year bank loan in the amount of $44,000. (3) Acquired land by issuing ordinary shares of per value $200,000. (4) Declared and paid a cash dividend of $4,000. (5) Sold a non-current investment (cost $84,000) for cash of $12,000. (6) Acquired an investment in IBM shares for casah of $24,000. What is the net cash provided by investing activities? a) $64,000 b) $12,000 c) $24,000 d) ($12,000)
Joy Elle's Vegatable Market had to following transactions during 2017: (1) Issued $100,000 of par value ordinary shares for cash. (2) Repaid a 6-year bank loan in the amount of $44,000. (3) Acquired land by issuing ordinary shares of per value $200,000. (4) Declared and paid a cash dividend of $4,000. (5) Sold a non-current investment (cost $84,000) for cash of $12,000. (6) Acquired an investment in IBM shares for casah of $24,000. What is the net cash provided by investing activities? a) $64,000 b) $12,000 c) $24,000 d) ($12,000)
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter15: Investments And Fair Value Accounting
Section: Chapter Questions
Problem 8E
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Joy Elle's Vegatable Market had to following transactions during 2017: (1) Issued $100,000 of par value ordinary shares for cash. (2) Repaid a 6-year bank loan in the amount of $44,000. (3) Acquired land by issuing ordinary shares of per value $200,000. (4) Declared and paid a cash dividend of $4,000. (5) Sold a non-current investment (cost $84,000) for cash of $12,000. (6) Acquired an investment in IBM shares for casah of $24,000. What is the net cash provided by investing activities?
a) $64,000
b) $12,000
c) $24,000
d) ($12,000)
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