In Jude Company land decreased $150000 because of a cash sale for $150000 the equipment account increased $60000 as a result of a cash purchase and Bonds Payable increased $120000 from issuance for cash at face value. The net cash provided by investing activities is

Question

Quizplus · Accepted Answer

The land decreased by $150000 due to a cash sale, which means cash was received. This would be a cash inflow from investing activities. 
The equipment account increased by $60000 due to a cash purchase, which means cash was paid. This would be a cash outflow from investing activities. 
Bonds Payable increased by $120000 due to issuance for cash at face value, which means cash was received. This would be a cash inflow from financing activities. 
Therefore, the net cash provided by investing activities would be ($150000 - $60000) = $90000.

In Jude Company Land Decreased $150000 Because of a Cash