Explain the net cash provided by investing activities


Joy Elle's Vegetable market had the following transactions during 201X:

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 $63,000) for cash of $6,000.

6. Acquired an investment in IBM stock for cash of $12,000 What is the net cash provided by investing activities?

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Accounting Basics: Explain the net cash provided by investing activities
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