Business, 18.02.2020 23:31 mhuerta71001
In Angel Company, the Land account decreased $90,000 as a result of a cash sale for $100,000 and recognized a gain on the sale of $10,000. The Equipment account increased $20,000 as a result of a cash purchase. Angel Company also purchased a truck for $25,000 by issuing a five-year note. Bonds payable increased from an issuance of bonds for cash for $50,000. The net cash provided by investing activities is.
a. $70,000.
b. $80,000.
c. $55,000.
d. $105,000.
Answers: 2
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In Angel Company, the Land account decreased $90,000 as a result of a cash sale for $100,000 and rec...
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