This question has been answered by ajkaushal on Apr 21, 2013. View Solution
Gradmama posted a question Apr 21, 2013 at 3:33am
4. (TCO F) Big Dog Builder's, Inc. shows the following as of December 31, 2012.
- Acquired 50% of Kitty Corp's common stock for $225,000 cash which was borrowed from Mouse's Bank.
- Sold available for sales securities for $852,000
- Issued 1,000 of its 12% debenture bonds, due 2017, for $350,000 cash
- Paid $160,000 toward bank loan.
- Recognized $66,000 net increase in returnable long term customer deposits
- Issued 2,000 shares of its preferred stock for land having a fair value of $500,000
- Purchased a patent for $140,000 cash
Big Dog's net cash provided by investing activities for 2012 is (Points : 5)
$487,000.
$127,000.
$627,000.
$352,000.


5. (TCO F) Big Dog Builder's, Inc. shows the following as of December 31, 2012.
- Acquired 50% of Kitty Corp's common stock for $225,000 cash which was borrowed from Mouse's Bank.
- Sold available for sales securities for $852,000
- Issued 1,000 of its 12% debenture bonds, due 2017, for $350,000 cash
- Paid $160,000 toward bank loan.
- Recognized $66,000 net increase in returnable long term customer deposits
- Issued 2,000 shares of its preferred stock for land having a fair value of $500,0

answered the question Apr 21, 2013 at 3:54am
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4. (TCO F) Big Dog Builder's, Inc. shows the following as of December 31, 2012.
- Acquired 50% of Kitty Corp's common stock for $225,000 cash which was borrowed from Mouse's Bank.
- Sold available...