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Financial statements -Income statement for 204 and Comparative Balance Sheet for diving equipment manufacturer Lincoln Corp for December 31 , 204 and 203 Additional Information

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Financial statements -Income statement for 204 and Comparative Balance Sheet for diving equipment manufacturer Lincoln Corp for December 31 , 204 and 203 Additional Information for Lincoln Corp: 1) Operating expenses for 204 included depreciation for $500 2) Accounts payable relate exclusively to the purchase of inventory 3) Machine with a historical cost of $200 was sold at a loss of $20 4) A new machine was purchased during the year for $1,200 5) Dividends were declared 6) Long term notes payable were issued The total "Net Cash provided (used) by Investing Activities" when using the direct method was: Multiple Choice None of the other alternatives are correct negative $1,200 negotive $1,770 positive $30 positive $50

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