Question
DUE SOON PLEASE HELP In preparing its statement of cash flows for the year ended December 31, 2019, Coronado Company collected the following data: 12/31/19
DUE SOON PLEASE HELP
In preparing its statement of cash flows for the year ended December 31, 2019, Coronado Company collected the following data:
| 12/31/19 | 12/31/18 | Increase (Decrease) |
Land | $640,000 | $700,000 | $ (60,000) |
Equipment | 250,000 | 100,000 | 150,000 |
Accumulated Depreciation | 105,000 | 65,000 | 40,000 |
Bonds Payable | 175,000 | 245,000 | (70,000) |
Additional information:
1. In 2019, net income was $100,000 and depreciation expense was $40,000.
2. Land was sold at book value for $60,000 cash.
3. Equipment was purchased for $150,000 cash.
4. No equipment was sold during the year.
5. Bonds payable principal of $70,000 was redeemed for cash.
The net cash provided (used) by investing activities in 2019 is
A. | ($160,000) | |
B. | ($90,000) | |
C. | $50,000 | |
D. | ($130,000) |
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