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(Solved): Zoum Corporation had the following transactions during 2017: Issued $250,000 of par value common sto ...
Zoum Corporation had the following transactions during 2017:
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$8,000 $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?
a. $(210,000).
b. $790,000.
c. $(1,210,000).
d. $230,000.