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24. Use the following information to determine a company's cash flows $ 50,000 14,000 5,000 Net Income Depreciation expense Gain on sale of land Purchase

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24. Use the following information to determine a company's cash flows $ 50,000 14,000 5,000 Net Income Depreciation expense Gain on sale of land Purchase of equipment Proceeds from sale of land Payment of cash dividends Payment to retire note payable Issuance of common stock Increase in accounts receivable Decrease in accounts payable 27,000 10,000 26.000 35,000 4,000 1,000 a) using the indlirect method and the information above, determine the company's cash flows from operating activities: (8 pts) b) Use the information above to determine the company's cash flows from investing activit (4 pts)

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