Business, 10.12.2021 22:40 neariah24

Zoum Corporation had the following transactions during 2017: 1. Issued $250,000 of par value common stock for cash.
2. 3. Recorded and paid wages expense of $120,000. Acquired land by issuing common stock of par value $100,000.
4. Declared and paid a cash dividend of $20,000
5. Sold a long-term investment (cost $8,000) for cash of $6,000
6. Recorded cash sales of $800,000.
7. Bought inventory for cash of $320,000.
8. Acquired an investment in Zynga stock for cash of $42,000.
9. Converted bonds payable to common stock in the amount of $1,000,000.
10. Repaid a 6-year note payable in the amount of $440,000.
What is the net cash provided by financing activities?
a. $(210,000).
b. $790,000.
c. S(1,210,000).
d. $230,000.

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Zoum Corporation had the following transactions during 2017: 1. Issued $250,000 of par value commo...

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