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Equipment with a book value of $81,000 and an original cost of $165,000 was sold at a loss of $35,000. b. Paid $118,000 cash for
Equipment with a book value of $81,000 and an original cost of $165,000 was sold at a loss of $35,000. | |
b. | Paid $118,000 cash for a new truck. |
c. | Sold land costing $330,000 for $400,000 cash, yielding a gain of $70,000. |
d. | Long-term investments in stock were sold for $92,100 cash, yielding a gain of $15,500. |
Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) |
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