Zoum Corporation Had the Following Transactions During 2014

question 155

Multiple Choice

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 operating activities?

• A) $305,000.
• B) $290,000.
• C) $240,000.
• D) $180,000.

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Definitions:

Consent

A voluntary agreement that a patient gives to allow a medically trained person the permission to touch, examine, and perform a treatment.

Back-to-Back Appointments

Arranging meetings or services in direct sequence without any time gap between them for seamless scheduling.

Time-Specified Scheduling

An appointment system where patients are given specific times for their visits, aiming to minimize waiting times and streamline office flow.

Itinerary

A detailed plan or route of a journey, including destinations to be visited and timings.