Cheyenne Corp. had the following transactions during 2017: 1. Issued $220000 of par value common stock...

 

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Cheyenne Corp. had the following transactions during 2017: 1. Issued $220000 of par value common stock for cash. 2. Recorded and paid wages expense of $105600. 3. Acquired land by issuing common stock of par value $88000. 4. Declared and paid a cash dividend of $17600. 5. Sold a long-term investment (cost $5280) for cash of $5280. 6. Recorded cash sales of $704000. 7. Bought inventory for cash of $281600. 8. Acquired an investment in Zynga stock for cash of $36960. 9. Converted bonds payable to common stock in the amount of $880000. 10. Repaid a 6-year note payable in the amount of $387200. What is the net cash provided by operating activities? $422400. $536800. $316800. $510400. Cheyenne Corp. had the following transactions during 2017: 1. Issued $220000 of par value common stock for cash. 2. Recorded and paid wages expense of $105600. 3. Acquired land by issuing common stock of par value $88000. 4. Declared and paid a cash dividend of $17600. 5. Sold a long-term investment (cost $5280) for cash of $5280. 6. Recorded cash sales of $704000. 7. Bought inventory for cash of $281600. 8. Acquired an investment in Zynga stock for cash of $36960. 9. Converted bonds payable to common stock in the amount of $880000. 10. Repaid a 6-year note payable in the amount of $387200. What is the net cash provided by operating activities? $422400. $536800. $316800. $510400.

Answer rating: 100% (QA)

Solution Net cash provided ... View the full answer