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Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: Jan. 1 Dec. 31 Equipment $32,000 $46,000 Accumulated depreciation 12,500 15,900 Investment
Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: Jan. 1 Dec. 31 Equipment $32,000 $46,000 Accumulated depreciation 12,500 15,900 Investment (long-term) 50,000 38,000 In addition, Orlando sold equipment costing $17,300 with accumulated depreciation of $12,110 for $6,020. Orlando also reported a $1,200 gain on the sale of long-term investments. Required: Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows). $fill in the blank 1
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