A Corporation had the following transactions during the year:
 1. Issued $250,000 of par value common stock for cash.
2. Recorded and paid wages expense of $120,000.
3. Acquired land by issuing common stock of par value $100,000.
4. Declared and paid a cash dividend of $20,000.
5. Sold a long-term investment (cost $8,000) for cash of $6,000.
6. Recorded cash sales of $800,000.
7. Bought inventory for cash of $320,000.
8. Acquired an investment in Zynga stock for cash of $42,000.
9. Converted bonds payable to common stock in the amount of $1,000,000.
10. Repaid a 6-year note payable in the amount of $440,000.

What is the net cash provided by financing activities?

a. $(210,000).
b. $790,000.
c. $(1,210,000).
d. $230,000.

Answer rating: 100% (QA)

Net cash provided by Financing Activities Issu... View the full answer