Q4 Take me to the textThe following information pertains to BushCompany for the fiscal year 2020.Purchase of plant and equipment$40,000Purchase of long-term investment$13,000Increase in notes payable$7,100$23,000Repayment of bonds payableDepreciation of plant andequipment$5,700Loss on redemption of bonds$4,400Calculate the increase (decrease) in cashfrom investing activities.Do not enter dollar signs or commas in theinput boxes.Use the negative sign for a decrease in cash.Increase or decrease in cash from investingactivities = $

Solution : Cash flow from investing activities include that activity of cash generated or spent…

Take me to the text The following information pertains to Bush Company for the fiscal year 2020. Purchase of plant and equipment $40,000 Purchase of long-term investment $13,000 Increase in notes payable $7,100 Repayment of bonds payable Depreciation of plant and equipment $23,000 $5,700 Loss on redemption of bonds $4,400 Calculate the increase (decrease) in cash from investing activities. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash. Increase or decrease in cash from investing activities = $ %3D