Marigold’s Vegetable Market had the following transactions during 2019: 1. Issued $51000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $21200. 3. Acquired land by issuing common stock of par value $98000. 4. Declared and paid a cash dividend of $2100. 5. Sold a long-term investment (cost $2500) for cash of $8200. 6. Acquired an investment in IBM stock for cash of $15300. What is the net cash provided used by investing activities? A. 15300 B. 34400 C. (7100) D. 8200

Marigold’s Vegetable Market had the following transactions during 2019: 1. Issued $51000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $21200. 3. Acquired land by issuing common stock of par value $98000. 4. Declared and paid a cash dividend of $2100. 5. Sold a long-term investment (cost $2500) for cash of $8200. 6. Acquired an investment in IBM stock for cash of $15300. What is the net cash provided used by investing activities? A. 15300 B. 34400 C. (7100) D. 8200

Name: Marigold’s Vegetable Market had the following transactions during 2019
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Description: Marigold’s Vegetable Market had the following transactions during 2019:1. Issued $51000 of par value common stock for cash.2. Repaid a 6 year note payable in the amount of $21200.3. Acquired land by issuing common stock of par value $98000.4. Declare

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 11MCQ

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