The land account decreased by $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 total net cash provided by investing activities is   a. $270,000.   b. $480,000.   c. $210,000.   d. $180,000.       If a loss of $9,000 is incurred in selling (for cash) office equipment having a book value of $90,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is a cash inflow of:   a. $81,000.   b. $90,000.   c. $99,000.   d. $9,000.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The land account decreased by $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 total net cash provided by investing activities is

  a.

$270,000.

  b.

$480,000.

  c.

$210,000.

  d.

$180,000.

 

 

 

If a loss of $9,000 is incurred in selling (for cash) office equipment having a book value of $90,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is a cash inflow of:

  a.

$81,000.

  b.

$90,000.

  c.

$99,000.

  d.

$9,000.

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