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a. Equipment with a book value of $79,000 and an original cost of $161,000 was sold at a loss of $30,000. b. Paid $118,000 cash
a. Equipment with a book value of $79,000 and an original cost of $161,000 was sold at a loss of $30,000. b. Paid $118,000 cash for a new truck. c. Sold land costing $320,000 for $420,000 cash, yielding a gain of $100,000. d. Long-term investments in stock were sold for $92,800 cash, yielding a gain of $14,750. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from investing activities $ a. Net income was $474,000. b. Issued common stock for $71,000 cash. c. Paid cash dividend of $13,000. d. Paid $125,000 cash to settle a note payable at its $125,000 maturity value. e. Paid $120,000 cash to acquire its treasury stock. f. Purchased equipment for $87,000 cash. Use the above information to determine this company's cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from financing activities $ 0
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