Kimmel, Accounting, 6e Help I System A Time: 10:49 PM/Remaining: 23 min. Multipl

Question

Kimmel, Accounting, 6e Help I System A Time: 10:49 PM/Remaining: 23 min. Multiple Choice Question 79 Sunland Company had the following transactions during 2017: 1. Issued $240000 of par value common stock for cash. 2. Recorded and paid wages expense of $115200. 3. Acquired land by issuing common stock of par value $96000. 4. Declared and paid a cash dividend of $19200. 5. Sold a long-term investment (cost $5760) for cash of $5760. 6. Recorded cash sales of $768000 7. Bought inventory for cash of $307200. 8. Acquired an investment in Zynga stock for cash of $40320. 9. Converted bonds payable to common stock in the amount of $960000. 10. Repaid a 6-year note payable in the amount of $422400. What is the net cash provided by operating activitiles? $585600. O $460800. O $345600 $556800o. Click if you would like to Show Work for this question: Open Show work Question Attempts: 0 of 1 used

Explanation / Answer

C.$345,600.

the following is the calculation:

paid wages (115,200) cash sales 768,000 bought inventory for cash (307,200) cash flow from operating activities 345,600

Related Questions

Navigate

• Browse (All)
• Browse K
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.