Question
In: Accounting
Zoum Corporation had the following transactions during the year: Issued $250,000 of par value common stock...
Zoum Corporation had the following transactions during the year: Issued $250,000 of par value common stock for cash. Recorded and paid wages expense of $120,000. Acquired land by issuing common stock of par value $100,000. Declared and paid a cash dividend of $20,000. Sold a long-term investment (cost $8,000) for cash of $6,000. Recorded cash sales of $800,000. Bought inventory for cash of $320,000. Acquired an investment in Zynga stock for cash of $42,000. Converted bonds payable to common stock in the amount of $1,000,000. Repaid a 6-year note payable in the amount of $440,000. What is the net cash provided by financing activities? Group of answer choices ($1,210,000). $230,000. ($210,000). $790,000.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Zoom Corporation had the following transactions during 2017: Issued $250,000 of par value common stock for...
Zoom Corporation had the following transactions during 2017:
Issued $250,000 of par value common stock for cash.
Declared and paid a cash dividend of $20,000.
Repaid a 6-year note payable in the amount of $440,000 cash.
Recorded cash sales of $800,000.
Recorded and paid wages expense of $120,000.
Bought inventory for cash of $320,000.
Acquired land by issuing common stock of par value $100,000.
Sold a long-term investment (cost $6,000) for cash of
$6,000.
Acquired an investment in Zynga stock...
Wilma’s Vegetable Market had the following transactions during 2012: 1. Issued $25,000 of par value common...
Wilma’s Vegetable Market had the following transactions
during 2012:
1. Issued $25,000 of par value common stock
for cash.
2. Recorded and paid wages expense of
$10,000.
3. Acquired land by issuing common stock of
par value $50,000.
4. Declared and paid a cash dividend of
$1,000.
5. Sold a long-term investment (cost $3,000)
for cash of $3,000.
6. Recorded cash sales of
$20,000.
7. Bought inventory for cash of
$2,000.
8. Acquired an investment in IBM stock for
cash...
Jean’s Vegetable Market had the following transactions during 2017: 1. Issued $50,000 of par value common...
Jean’s Vegetable Market had the following transactions during
2017: 1. Issued $50,000 of par value common stock for cash. 2.
Repaid a 6-year note payable in the amount of $22,000. 3. Acquired
land by issuing common stock of par value $100,000. 4. Declared and
paid a cash dividend of $2,000. 5. Sold a long-term investment
(cost $3,000) for cash of $8,000. 6. Acquired an investment in IBM
stock for cash of $15,000. What is the net cash provided used by...
Overland Corporation is authorized to issue 250,000 shares of $1 par value common stock. During 2019,...
Overland Corporation is authorized to issue 250,000 shares of $1
par value common stock. During 2019, Overland Corporation took part
in the following selected transactions
March 1 Issued 55,000 shares of stock for cash at $76 per share.
Overland had to pay $27,000 of stock issue costs to issue these
shares.
June 1 Overland issued 10,000 shares of stock in exchange for
land that was appraised at $815,000. On that date, Overland’s stock
was being actively traded on a national...
On January 1 Weiss Corporation had 75,000 shares of $0.5 par value common stock issued and...
On January 1 Weiss Corporation had 75,000 shares of $0.5 par
value common stock issued and outstanding. During the year, the
following transactions occurred.
Apr. 1 Issued 8,000 additional shares of common stock for $11
per share.
June 15 Declared a cash dividend of $1.50 per share to
stockholders of record on June 30.
July 10 Paid the $1.50 cash dividend.
Dec. 1 Issued 4,000 additional shares of common stock for $12
per share.
Dec. 15 Declared a cash dividend...
On January 1, 2019, Jonathan Corporation had 75,000 shares of $1 par value common stock issued...
On January 1, 2019, Jonathan Corporation had 75,000 shares of $1
par value common stock issued and outstanding. During the year, the
following transactions occurred:
Mar 1: Issued 30,000 shares, not previously issued of common
stock for $575,000
June 1: Declared a cash dividend of $1.00 per share to
stockholders of record on June 15
June 30: Paid the $1.00 cash dividend
July 1: Declared and issued a 10% stock dividend
Dec 1: Purchased 5,000 shares of common stock for...
On January 1, 2019, Jonathan Corporation had 75,000 shares of $1 par value common stock issued...
On January 1, 2019, Jonathan Corporation had 75,000 shares of $1
par value common stock issued and outstanding. During the year, the
following transactions occurred:
Mar 1: Issued 30,000 shares, not previously issued of common
stock for $575,000
June 1: Declared a cash dividend of $1.00 per share to
stockholders of record on June 15
June 30: Paid the $1.00 cash dividend
July 1: Declared and issued a 10% stock dividend
Dec 1: Purchased 5,000 shares of common stock for...
Effect of Subsidiary Preferred Stock Snow Corporation issued common stock with a par value of $100,000...
Effect of Subsidiary Preferred Stock
Snow Corporation issued common stock with a par value of
$100,000 and preferred stock with a par value of $80,000 on January
1, 20X5, when the company was created. Klammer Corporation acquired
a controlling interest in Snow on January 1, 20X6.
Required:
What does Klammer's controller need to know about the preferred
stock to determine the proper allocation of consolidated net income
to the controlling and noncontrolling interests? What ethical
factors should be considered, if...
Effect of Subsidiary Preferred Stock Snow Corporation issued common stock with a par value of $100,000...
Effect of Subsidiary Preferred Stock
Snow Corporation issued common stock with a par value of
$100,000 and preferred stock with a par value of $80,000 on January
1, 20X5, when the company was created. Klammer Corporation acquired
a controlling interest in Snow on January 1, 20X6.
Required:
What does Klammer's controller need to know about the preferred
stock to determine the proper allocation of consolidated net income
to the controlling and noncontrolling interests? What ethical
factors should be considered, if...
A corporation issued 6,000 shares of $30 par value common stock for $216,000 cash. A corporation...
A corporation issued 6,000 shares of $30 par value common stock
for $216,000 cash.
A corporation issued 3,000 shares of no-par common stock to its
promoters in exchange for their efforts, estimated to be worth
$30,500. The stock has a $1 per share stated value.
A corporation issued 3,000 shares of no-par common stock to its
promoters in exchange for their efforts, estimated to be worth
$30,500. The stock has no stated value.
A corporation issued 1,500 shares of $50...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Case Study: Personal Beliefs in the Workplace Don Shakow was a prominent professional who worked in...
- 1: Competency framework usage is the modern best practice in management. What is meant by competency...
- A 19.34 g mixture of sugar (C12H22O11) and table salt (NaCl) is dissolved in 231 g...
- Young and Company claims that its pressurized diving bell will, on average, maintain its integrity to...
- 1) Alternative compiled code sequence using instructions in classes A, B, C. What is the average...
- An asset is purchased on January 1 for $48,700. It is expected to have a useful...
- Do we have any online or offline tool to convert c and cpp programs into MIPS...
ADVERTISEMENT