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During the year, Lin Company's equipment account increased from $79,100 to $92,700 as a result of selling old equipment for $2,000 that had cost $8,800
During the year, Lin Company's equipment account increased from $79,100 to $92,700 as a result of selling old equipment for $2,000 that had cost $8,800 and a book value of $2,500, and from purchasing new equipment for cash. Prepare the investing activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a-sign (eg, -15,000) or in parenthesis (eg, (15,000).) Cash flows from investing activities: Net cash by investing activities
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