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Correct answer is shown, but I am unsure how to come to that answer as I thought the answer would be (145k) Barron Company provided
Correct answer is shown, but I am unsure how to come to that answer as I thought the answer would be (145k)
Barron Company provided the following information on selected transactions during 2010: Purchase of land $200,000 Purchase of short-term investment 125,000 Retirement of bonds payable 150.000 Payment of cash dividends 25,000 Sale of land 150,000 Sale of equipment 30.000 Sale of common shares 280.000 The net cash provided (used) by investing activities during 2010 is 1) $(145,000) 2) $(45,000) 3) $(20,000) 4) $155,000 5) $180,000Step by Step Solution
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