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Assume the following excerpts from a companys balance sheet: Beginning Balance Ending Balance Property, plant, and equipment $ 3,600,000 $ 3,500,000 Long-term investments $ 950,000
Assume the following excerpts from a companys balance sheet:
Beginning Balance | Ending Balance | |
---|---|---|
Property, plant, and equipment | $ 3,600,000 | $ 3,500,000 |
Long-term investments | $ 950,000 | $ 1,059,000 |
Loans to another entity | $ 0 | $ 80,000 |
During the year, the company purchased property, plant, and equipment. It also sold equipment for $140,000 in cash while recording a loss on the sale of $20,000. The equipment that was sold had accumulated depreciation of $70,000. The company did not sell any long-term investments during the period. Based solely on the information provided, the companys net cash provided by (used in) investing activities would be:
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