Nylen Corporation had the following transactions during 2024…

Written by Anonymous on June 25, 2024 in Uncategorized with no comments.

Questions

Nylen Cоrpоrаtiоn hаd the following trаnsactions during 2024: Issued $250,000 of par value common stock for cash. Recorded and paid wages expense of $120,000. Acquired land in exchange for issuing common stock of par value $1,000,000. Declared and paid a cash dividend of $20,000. Sold a long-term investment (cost $6,000) for cash of $6,000. Recorded cash sales of $800,000. Bought inventory for cash of $320,000. Acquired an investment in Zynga stock for cash of $42,000. Converted bonds payable to common stock in the amount of $1,000,000. Repaid a 6-year note payable in the amount of $440,000. What is the net cash provided/(used) by investing activities?

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