In Jackson Jones Company, land decreased $270,000 because of a cash sale for $270,000, the equipment account increased $90,000 as a result of a cash purchase, and bonds payable increased $300,000 from issuance for cash at face value.The net cash provided by investing activities is

Question

Quizplus · Accepted Answer

The net cash provided by investing activities is calculated by considering cash inflows and outflows related to investments. The cash inflow from the sale of land is $270,000, and the cash outflow for the purchase of equipment is $90,000. Therefore, the net cash provided by investing activities is $270,000 - $90,000 = $180,000. The issuance of bonds payable is a financing activity, not an investing activity.

In Jackson Jones Company, Land Decreased $270,000 Because of a Cash