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3. Equipment that had cost 105,000 and on which had 55,000 of accumulated depreciation was sold in Year 2 for 30,000 cash. b. Cash dividends

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3. Equipment that had cost 105,000 and on which had 55,000 of accumulated depreciation was sold in Year 2 for 30,000 cash. b. Cash dividends of 58,000 were paid in the current year. Comparative Balance Sheets for Two (2) Years: What is Year 2 Net Cash Flow from Investing Activities? Question 5 What is Year 2 Net Cash Flow from Financing Activities

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