In the Rogers 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

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 $75,000, and the cash outflow for the purchase of equipment is $20,000. Therefore, the net cash provided by investing activities is $75,000 - $20,000 = $55,000. The issuance of bonds is a financing activity, not an investing activity.

In the Rogers Company, Land Decreased $75,000 Because of a Cash