2 - Recorded and paid wages expense of $ 60,000 . 3 - Acquired land by issuing common stock of par value $ 50,000 . 4 - Declared and paid a cash dividend of $ 10,000 . 5 - Sold a long-term investment ( cost $ 3,000 ) for cash of $ 3,000 . 6 - Recorded cash sales of $ 400,000 . 7 - Bought inventory for cash of $ 160,000 . 8 - Acquired an investment in Zynga stock for cash of $ 21,000 .
9 - Converted bonds payable to common stock in the amount of $ 500,000 .
10 - Repaid a 6 year note payable in the amount of $ 220,000 . What is the net cash provided by financing activities ? Question 11
In order to determine net cash provided by operating activities , a company must convert net income from an accrual basis to a cash basis under
Question 12
The information to prepare the statement of cash flows comes from all of the following sources except
Question 13
Peninsula Company reported net income of $ 260,000 for the year . During the year , accounts receivable increased by $ 21,000 , accounts payable decreased by $ 9,000 and depreciation expense of $ 45,000 was recorded . Net cash provided by operating activities for the year is
Question 14