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During 2017, Lowes Company sold equipment with a book value of $120,.000 for proceeds of $145.000. The company purchased new equipment for $320,000 by signing
During 2017, Lowes Company sold equipment with a book value of $120,.000 for proceeds of $145.000. The company purchased new equipment for $320,000 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2017. The investing section of the statement of cash flows will report 1) net cash outflows of $295,000. 2) net cash outflows of $175.000 3) net cash inflows of $145,000. 4) net cash inflows of $25.000
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