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Given the following cash transactions relating to Weatherford Company, what is the net cash flows from investing activities, using the direct method? Beginning cash
Given the following cash transactions relating to Weatherford Company, what is the net cash flows from investing activities, using the direct method? Beginning cash balance is $83,600 and ending cash balance is $20,000. Cash received from customers $38,000 Interest received $2,050 . Purchase of 100,000 shares of common stock from Definite Company, for cash $100,000 Paid cash for merchandise $30,000 Received $18,700 for selling treasury stock Received cash for selling old equipment $7,650 O $(92,350) O $107,650 O $7,650 O $9,700 O $(90,300)
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