Zoum Corporation Had the Following Transactions During 2017

question 78

Multiple Choice

Zoum Corporation had the following transactions during 2017:
1. Issued $250,000 of par value common stock for cash.
2. Recorded and paid wages expense of $120,000.
3. 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 $6,000) 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 operating activities?

• A)$610,000.
• B)$580,000.
• C)$480,000.
• D)$360,000.

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Definitions:

Naturalistic Observation Method

A research strategy where behaviors are observed and recorded in their natural environment without manipulation or interference.

Experimental Method

A scientific approach to research in which the researcher manipulates one or more variables to determine their effect on a certain outcome.

Correlational Method

A research technique used to measure the relationship between two or more variables, determining how they may predict or relate to one another without inferring causality.

Psychometric Approach

A method in psychology that focuses on the design, administration, and interpretation of quantitative tests for the measurement of psychological variables such as intelligence, personality traits, and abilities.