Sheridan's Organic Produce Market had the following transactions during 2022: 1. Issued $47000 of common stock...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Sheridan's Organic Produce Market had the following transactions during 2022: 1. Issued $47000 of common stock at par for cash. 2. Repaid a 6 year note payable in the amount of $21400. 3. Acquired land by issuing common stock at par for $95000. 4. Declared and paid a cash dividend of $2000. 5. Sold a long-term investment (cost $3400) for cash of $8000. 6. Acquired an investment in IBM stock for cash of $15300. What is the net cash provided (used) by investing activities? O $8000 $31000 $15300 ($7300) Sheridan's Organic Produce Market had the following transactions during 2022: 1. Issued $47000 of common stock at par for cash. 2. Repaid a 6 year note payable in the amount of $21400. 3. Acquired land by issuing common stock at par for $95000. 4. Declared and paid a cash dividend of $2000. 5. Sold a long-term investment (cost $3400) for cash of $8000. 6. Acquired an investment in IBM stock for cash of $15300. What is the net cash provided (used) by investing activities? O $8000 $31000 $15300 ($7300)
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Reading/Discussion: "Beyond the Lorax" List three examples that relevant children's books use to assist children in understanding the importance of sustainability in their own community and beyond....
-
You are presented with an investment opportunity that will give you the following stream of cash flows: nothing for the next 3 years; at the following year, an amount of $2,000 per year until year...
-
Brambles Vegetable Market had the following transactions during 2020: 1. Issued $50000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $23200. 3. Acquired land by...
-
Assume that everything is the same for the project except the marginal tax rate is now 35%. What is the new NPV? Assume that the cost per unit can be decreased to $12 by using cheaper raw materials...
-
A sole proprietorship was started on January 1, 2010, when it received $80,000 cash from Derek Hughes, the owner. During 2010, the company earned $50,000 in cash revenues and paid $22,400 in cash...
-
Which simple scheduling concept can be applied to help schedule workers for a service operation with changing staffing requirements throughout the day?
-
For most businesses, straight-line depreciation on the company's buildings is a a. variable cost b. fixed cost c. mixed cost d. step cost
-
Ocala Software Systems operates a technical support center for its software customers. If customers have installation or use problems with Ocala software products, they may telephone the technical...
-
How can capital structure influence the returns that a company earns for its shareholders?
-
no iiiplease help its very urgent Siegel Corporation manufactures a product avallable in both a deluxe and a regular model. The company has made the regular model for years: the deluxe model was...
-
Determining the range of Q-point values for this circuit. www11 RG 1 MO Vos (V) -8 +10 V RD 500 0 2N5459 Rs 500 0 60 g lp (mA) T T T L T 16 14 12 10 8 6 4 2 Note: VGSX and IDX are not located on the...
-
What are the emerging trends in hormone-based therapeutics, such as bioidentical hormones and targeted hormone therapies, and how do these approaches aim to mitigate the side effects typically...
-
I. Ricardo model of trade Consider that case of two Countries: (N)orth and (S)outh. There are two commodities: (C)ars and (R)ice. Inputs to Produce 1 car: 1 hour of labor in N vs 4 hours of labor in...
-
A 0 . 4 3 kg object connected to a light spring with a force constant of 2 0 . 8 N / m oscillates on a frictionless horizontal surface. If the spring is compressed 4 . 0 cm and released from rest. (...
-
Pine Valley Golf Club would like you to price their brand-new menu item, The Valley Veggie Burger. They inform you that their desired food cost percentage is 28% and their food cost for the dish is...
-
You construct five different math tests by randomly drawing questions from the huge pool of all possible questions about the material. You have created: a multidimensional test parallel tests...
-
Reread the discussion leading to the result given in (7). Does the matrix sI - A always have an inverse? Discuss.
-
What are the key relationships for a CEO?
-
The Walt Disney Company is engaged in the financing, production, and distribution of motion pictures and television programming. In Disneys 2004 annual report, the balance sheet contains an asset...
-
Why is the Tylenol story so instructive?
Study smarter with the SolutionInn App