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A company had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of
A company had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $400,000 was sold for $500,000. b. Additional common stock was issued for $160,000. c. The company purchased its own common stock as treasury stock at a cost of $75,000. d. Land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller. e. A dividend of $40,000 was paid to shareholders. f. An investment in Fleet Corp.'s common stock was made for $120,000. g. New equipment was purchased for $65,000. h. A $90,000 note payable issued three years ago was paid in full. i. A loan for $100,000 was made to one of the company's suppliers. The supplier plans to repay the company this amount plus 10% interest within 18 months. Required: Calculate net cash flows from investing activities. (List cash outflows and any decrease in cash as negative amounts.) Net cash flows
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