Question: please help, will rate 7. vilma's Vegetable Market had the following transactions during 2010: 1. Issued $25,000 of par value common stock for cash. 2.
7. vilma's Vegetable Market had the following transactions during 2010: 1. Issued $25,000 of par value common stock for cash. 2. Recorded and paid wages expense of $10,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $1,000. 5. Sold a long-term investment (cost $3,000) for cash of $3,000. 6. Recorded cash sales of $20,000. 7. Bought inventory for cash of $2,000. 8. Acquired an investment in IBM stock for cash of $6,000. 9. Converted bonds payable to common stock in the amount of $10,000. 10. Repaid a 6 year note payable in the amount of $11,000. What is the net cash provided by operating activities? a. $20,000 b. $18,000. c. $10,000. d. $8,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
