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16 January, 06:48

Question 451 pts In the Freyfogle Company, land decreased $75,000 because of a cash sale for $75,000, the equipment account increased $20,000 as a result of a cash purchase, and Bonds Payable increased $70,000 from an issuance for cash at face value. The net cash provided by investing activities is

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  1. 16 January, 07:35
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    Answer: $55,000

    Explanation:

    From the question, we are told that in the Freyfogle Company, land decreased $75,000 because of a cash sale for $75,000, and the equipment account increased $20,000 due to a cash purchase, while the bonds payable increased $70,000 from an issuance for cash at face value.

    The net cash provided by investing activities shows the amount of money that has been spent for investment purposes at a specific period.

    Sales of land = $75,000

    Less: Equipment purchase = $20,000

    Therefore, the net cash provided by investing activities will be:

    = $75,000 - $20,000

    = $55,000
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Home » Business » Question 451 pts In the Freyfogle Company, land decreased $75,000 because of a cash sale for $75,000, the equipment account increased $20,000 as a result of a cash purchase, and Bonds Payable increased $70,000 from an issuance for cash at face value.
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