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An analysis of changes in selected balance sheet accounts of Johnson Corporation shows the following for the current year: Johnson's income statement for the current
An analysis of changes in selected balance sheet accounts of Johnson Corporation shows the following for the current year: Johnson's income statement for the current year includes a $13,500 loss on disposal of plant assets. All payments and proceeds relating to purchase or sale of plant assets were in cash. The amount of cash paid by Johnson to acquire plant assets during the current year was: Multiple Choice $265,500 $159,000. $52,500. $41,500
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