cash provided by investing activities is
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Gentry Company's land account decreased $120,000 because of a cash sale for $120,000, its equipment account increased $40,000 as
a result of a cash purchase, and its bonds payable account increased $130,000 from issuance of bonds for cash at face value. The net
cash provided by investing activities is
$120,000.
$210,000.
$80,000.
$90,000.
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