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During 2017, Sunland Company sold equipment with a book value of $124800 for proceeds of $150800. The company purchased new equipment for $332800 by signing
During 2017, Sunland Company sold equipment with a book value of $124800 for proceeds of $150800. The company purchased new equipment for $332800 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 inflows of $26000.
net cash outflows of $182000.
net cash inflows of $150800.
net cash outflows of $306800.
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