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During 20X 1, Craig Company had the following transactions: a. Purchased exist300,000 of 10-year bonds issued by Makenzie Inc. b. Acquired land valued at exist105,000
During 20X 1, Craig Company had the following transactions: a. Purchased exist300,000 of 10-year bonds issued by Makenzie Inc. b. Acquired land valued at exist105,000 in exchange for machinery. c. Sold equipment with original cost of exist810,000 for exist495,000: accumulated depreciation taken on the equipment to the point of sale was exist270,000. d. Purchased new machinery for exist180,000. e. Purchased common stock in Lemmons Company for exist82, 500. Prepare the net cash from investing activities section of the statement of cash flows. 2. Usually, the net cash from investing activities is negative. How can Craig cover this negative cash flow? What other information would you like to have to make this decision
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