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During Year 1. El Paso Company had the following changes in account balances The Accumulated Depreciation account had a beginning balance of $55.000 and an
During Year 1. El Paso Company had the following changes in account balances The Accumulated Depreciation account had a beginning balance of $55.000 and an ending balance of $77000. The increase was due to depreciation expense. The Long-Term Notes Payable account had a beginning balance of $80.000 and an ending balance of $36,000. The decrease was due to repayment of debt The Equipment Account had a beginning balance of $60,000 and an ending balance of $204.000. The increase was due to the purchase of other operational assets. The Long Term Investments Account Marketable Securities) had a beginning balance of $43,200 and an ending balance of $30,000. The decrease was due to the sale of investments at cost The Dividends Payable account had a beginning balance of $26.800 and an ending balance of $24,000. There were $48,000 of dividends declared during the period. The Interest Payable account had a beginning balance of $5.400 and an ending balance of $3.000. The difference was due to the payment of interest What is the net cash flow from investing activities? Multiple Choice $130,800 outlow $152.000 utilow $152.000 $130.000
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