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2 January, 18:38

Cheyenne Corp. had the following transactions during 2017: 1. Issued $212500 of par value common stock for cash. 2. Recorded and paid wages expense of $102000. 3. Acquired land by issuing common stock of par value $85000. 4. Declared and paid a cash dividend of $17000. 5. Sold a long-term investment (cost $5100) for cash of $5100. 6. Recorded cash sales of $680000. 7. Bought inventory for cash of $272000. 8. Acquired an investment in Zynga stock for cash of $35700. 9. Converted bonds payable to common stock in the amount of $850000. 10. Repaid a 6-year note payable in the amount of $374000. What is the net cash provided by investing activities

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  1. 2 January, 22:18
    0
    ($30,600)

    Explanation:

    Data provided as per the requirement of answer is shown below:-

    Sold investment = $5,100

    Acquired investment = $35,700

    The computation of net cash provided by investing activities is shown below:-

    Net cash provided by investing activities = Sold investment - Acquired investment

    = $5,100 - $35,700

    = ($30,600)

    Therefore for computing the net cash provided by investing activities we simply applied the above formula.
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