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Cash Flow from Investing Activities During 20X1, Craig Company had the following transactions: A. Purchased $199,200 of 10-year bonds issued by Makenzie Inc. B.
Cash Flow from Investing Activities During 20X1, Craig Company had the following transactions: A. Purchased $199,200 of 10-year bonds issued by Makenzie Inc. B. Acquired land valued at $70,400 in exchange for machinery. C. Sold equipment with original cost of $539,300 for $329,100; accumulated depreciation taken on the equipment to the point of sale was $179,600. D. Purchased new machinery for $119,000. E. Purchased common stock in Lemmons Company for $56,000. Required: 1. Prepare the net cash from investing activities section of the statement of cash flows. (Note: Use a minus sign to indicate any decreases in cash or cash outflows.) Craig Company Statement of Cash Flows (Partial) Year Ending December 31, 20X1 Cash flows from investing activities: Noncash investing activity: OOOOQ
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