Suppose that Norway is a small country and currently produces 100,000 board feet of lumber at $600 per 1,000 board feet. Then it
1 answer:
You might be interested in
Answer:
The Net cash provided by investing activities is <u>$172,000</u>.
Hence, the correct option is <u>B. $ 172 comma 000.</u>
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:
<u><em>Net cash activities = Land sold - Equipment purchased + Bonds issued</em></u>
Therefore, the Net cash provided by investing activities is $172,000.
Hence, the correct option is <u>B. $ 172 comma 000.</u>