Zoum Corporation had the following transactions during 2014:

ACC 291 Entire Course Link

https://uopcourses.com/category/acc-291/

 

 Zoum Corporation had the following transactions during 2014:

1.     Issued $125,000 of par value common stock for cash.

2.     Recorded and paid wages expense of $60,000.

3.     Acquired land by issuing common stock of par value $50,000.

4.     Declared and paid a cash dividend of $10,000.

5.     Sold a long-term investment (cost $3,000) for cash of $3,000.

6.     Recorded cash sales of $400,000.

7.     Bought inventory for cash of $160,000.

8.     Acquired an investment in Zynga stock for cash of $21,000.

9.     Converted bonds payable to common stock in the amount of $500,000.

10.     Repaid a 6 year note payable in the amount of $220,000.

What is the net cash provided by financing activities?

 

$395,000.

 

$<605,000.

 

$<105,000.

 

$115,000.

 
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