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Comnarative financial statements for Weaver Company follow: During this year. Weaver sold some equipment for $20 that had cost $40 and on which there was

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Comnarative financial statements for Weaver Company follow: During this year. Weaver sold some equipment for $20 that had cost $40 and on which there was accumulated depreciation of $16. In addition, the company sold long-term investments for $10 that had cost $3 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $40 of its own stock. This year Weaver did not retire any bonds. Required: 1. Using the indirect method, determine the net cash provided by/used in operating activities for this year. (List any deduction in cash outflows as negative amounts.)

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