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:

Positive Symptoms

Abnormal additions to mental life, including the hallucinations, delusions, and disordered thought frequently experienced by patients with schizophrenia.

Social Withdrawal

The act of avoiding social situations and interactions, often due to anxiety, depression, or preference.

Hallucinations

Perceptions in a conscious and awake state in the absence of external stimuli which have qualities of real perception.

Coping Abilities

The mechanisms and skills that individuals use to manage stress and difficult situations.