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During 2017, Splish Brothers Inc. sold equipment with a book value of $177600 for proceeds of $214600. The company purchased new equipment for $473600 by
During 2017, Splish Brothers Inc. sold equipment with a book value of $177600 for proceeds of $214600. The company purchased new equipment for $473600 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 net cash outflows of $436600. net cash inflows of $214600. net cash inflows of $37000. O O O net cash outflows of $259000
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