D Question 27 4 pts Jean\'s Vegetable Market had the following transactions duri
ID: 2588463 • Letter: D
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D Question 27 4 pts Jean's Vegetable Market had the following transactions during 2017: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $7,000. 5. Sold a long-term investment (cost $3,000) for cash of $6,000. 6. Acquired an investment in IBM stock for cash of $10,000. What is the net cash provided by financing activities? O $67,000 O $21,000 O $28.000 D Question 28 4 pts Jean's Vegetable Market had the following transactions during 2017 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22.000. 3. Acquired land by issuing common stock of par value $100.000. 4. Declared and paid a cash dividend of $2,000. 5. Sold a long-term investment (cost $3,000) for cash of $8.000. 6. Acquired an investment in IBM stock for cash of $15,000 What is the net cash provided used by investing activities? 2.Explanation / Answer
27. Net cash provided by financing activities = $50000 - $22000- $7000 = $21000
Second option is correct
28. Cash provided by investing activities = $8000 - $15000 = -$7000
Net cash used in investing activities = $29000
30. Cash flow from operating activities = $6000 - $15000 + $12000 - $20000 + $12000 = -$5000
Cash used in operating activities = $5000
Third option is correct
31. Cash provided by operating activities = $245000 + $40000 + $12000 + $35000 - $1000 + $8000 = $339000
Third option is correct
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