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HELP! During the current year, the land account of Royal Industries decreased by $75,000 due to the at-cost sale of a tract of land for
HELP!
During the current year, the land account of Royal Industries decreased by $75,000 due to the at-cost sale of a tract of land for cash. The companys Equipment account increased due to purchasing equipment for $30,000 cash. The Bonds Payable account increased by $60,000 due to the issuance of bonds for cash. Royals net cash provided by investing activities is
$135,000.
$105,000.
$75,000.
$45,000.
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