Bramble Corp. had the following transactions during 2017: 1. Issued $235000 of par value common stock for cash. 2. Recorded and paid wages expense of $112800. 3. Acquired land by issuing common stock of par value $94000. 4. Declared and paid a cash dividend of $18800. 5. Sold a long-term investment (cost $5640) for cash of $5640. 6. Recorded cash sales of $752000. 7. Bought inventory for cash of $300800. 8. Acquired an investment in Zynga stock for cash of $39480. 9. Converted bonds payable to common stock in the amount of $940000. 10. Repaid a 6-year note payable in the amount of $413600. What is the net cash provided (used) by investing activities? ($127840) $812160. ($33840). $398560

Question

Business

Ciara Gentry

16 June, 22:42

Bramble Corp. had the following transactions during 2017: 1. Issued $235000 of par value common stock for cash. 2. Recorded and paid wages expense of $112800. 3. Acquired land by issuing common stock of par value $94000. 4. Declared and paid a cash dividend of $18800. 5. Sold a long-term investment (cost $5640) for cash of $5640. 6. Recorded cash sales of $752000. 7. Bought inventory for cash of $300800. 8. Acquired an investment in Zynga stock for cash of $39480. 9. Converted bonds payable to common stock in the amount of $940000. 10. Repaid a 6-year note payable in the amount of $413600. What is the net cash provided (used) by investing activities? ($127840) $812160. ($33840). $398560

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Jerry Weaver · Answer 1

($33840)

Explanation:

Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas a sale is an inflow of cash.

Cash flow from investing activities

Sold a long-term investment $5,640

Acquired an investment in Zynga stock for cash - $39,480

Net Cash flow from Investing activities - $33,840

All other items are related to operating activities, financing activities. So, we ignored it