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a. Equipment with a book value of $80,000 and an original cost of $167,000 was sold at a loss of $30,000. b. Paid $112,000
a. Equipment with a book value of $80,000 and an original cost of $167,000 was sold at a loss of $30,000. b. Paid $112,000 cash for a new truck. c. Sold land costing $330,000 for $430,000 cash, yielding a gain of $100,000. d. Stock investments were sold for $97,000 cash, yielding a gain of $16,250. Use the above information to determine cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Cash flows from investing activities a. Net income was $477,000. b. Issued common stock for $71,000 cash. c. Paid cash dividend of $13,000. d. Paid $100,000 cash to settle a long-term notes payable at its $100,000 maturity value. e. Paid $123,000 cash to acquire its treasury stock. f. Purchased equipment for $90,000 cash. Use the above information to determine cash flows from financing activities. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Cash flows from financing activities
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