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Atkins Corporation has provided the following information for the year ended December 31, 2019: 8 The equipment account balance increased by $200,000 from the beginning

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Atkins Corporation has provided the following information for the year ended December 31, 2019: 8 The equipment account balance increased by $200,000 from the beginning of the year to the end of the year. The equipment accumulated depreciation account balance increased by $35,000 from the beginning of the year to the end of the year. Equipment costing $50,000 was sold during the year resulting in a $10,000 gain. Depreciation expense recorded on the equipment during the year was $65,000. What was the amount of the investing activities cash inflow from the sale of the equipment? Assume that the equipment purchase and sale resulted in cash flows. Multiple Choice $30,000 O U $60,000 o a $40,000. 0 $50,000 9 Lab Industries, Inc., issued $50,000 of bonds, paid cash dividends of $8,000, sold long-term investments for $12,000, received $5,000 of dividend revenue, purchased treasury stock for $15,000, and purchased new equipment for $19,000. What is the net cash flow from financing activities? Multiple Choice $70,000 inflow. $27,000 inflow. $80,000 inflow. $20,000 outflow

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