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Carole Hospitals balance sheets provide the following information: 12/31/X2- $288,300 12/31/X1 Long-term investments- $262,700 During 20X2, the hospital sold certain long-term investments at a gain
Carole Hospitals balance sheets provide the following information: 12/31/X2- $288,300
12/31/X1
Long-term investments- $262,700
During 20X2, the hospital sold certain long-term investments at a gain of $14,600 and purchased new long-term investments at a cost of $87,500. In the hospitals 20X1 statement of cash flows, what amount should be reported as a cash inflow/outflow (negative answer) from its investing activities?
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