In 2019, Forever Young, Inc. sold land for $ 110 comma 000 cash, purchased equipment for $ 18 comma 000 cash and issued bonds

Question

2 years ago

9

In 2019, Forever Young, Inc. sold land for $ 110 comma 000 cash, purchased equipment for $ 18 comma 000 cash and issued bonds

for $ 80 comma 000 cash. The Net cash provided by investing activities is: A. $ 128 comma 000. B. $ 172 comma 000. C. $ 190 comma 000. D. $ 92 comma 000.

Business

1 answer:

True [87] · Answer 1 · 2023-08-13T16:13:17+03:00

Answer:

The Net cash provided by investing activities is $172,000.

Hence, the correct option is B. $ 172 comma 000.

Explanation:

Given:

In 2019, Forever Young, Inc. sold land for $ 110,000 cash, purchased equipment for $ 18,000 cash and issued bonds for $ 80,000 cash.

Now, to find the Net cash activities.

Land sold of cash = $110,000.

Equipment purchased of cash = $18,000.

Bonds issued of cash = $80,000.

Now, to get the Net cash activities we put formula:

Net cash activities = Land sold - Equipment purchased + Bonds issued

$=110,000-18,000+80,000\\\\=110,000+62,000\\\\=172,000.$

Therefore, the Net cash provided by investing activities is $172,000.

Hence, the correct option is B. $ 172 comma 000.

In​ 2019, Forever​ Young, Inc. sold land for $ 110 comma 000 ​cash, purchased equipment for $ 18 comma 000 cash and issued bonds

In 2019, Forever Young, Inc. sold land for $ 110 comma 000 cash, purchased equipment for $ 18 comma 000 cash and issued bonds