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1. Calculate the net cash flow from investing activities (The answer is not 120,000) 2. Calculate the net increase or decrease in cash (The answer
1. Calculate the net cash flow from investing activities (The answer is not 120,000)
2. Calculate the net increase or decrease in cash (The answer is not 150,000)
THE FOLLOWING INFORMATION IS USED FOR ALL THE QUESTIONS ON THIS PAGE. The following cash flow data is for Nuck Chorris Company for the December 31 year-end: Cash received from the issuance of common stock: $ 200,000 Cash received from borrowing money from a bank: $ 500,000 Cash received from customers for services provided: $ 900,000 Cash paid for repayment of money borrowed from the bank: $ 100,000 Cash paid for the purchase of buildings and equipment: $ 1,200,000 Cash paid for dividends: $ 50,000 Cash paid for employee wages: $ 400,000Step by Step Solution
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