Answer: $55,000
Step-by-step explanation:
From the question, we are told that in the Freyfogle Company, land decreased $75,000 because of a cash sale for $75,000, and the equipment account increased $20,000 due to a cash purchase, while the bonds payable increased $70,000 from an issuance for cash at face value.
The net cash provided by investing activities shows the amount of money that has been spent for investment purposes at a specific period.
Sales of land = $75,000
Less: Equipment purchase= $20,000
Therefore, the net cash provided by investing activities will be:
= $75,000 - $20,000
= $55,000