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Grinwald Company's transactions for 2020 included the following: Purchased real estate for $1,250,000 cash which was borrowed from a bank. Sold available-for-sale securities for $900,000.
Grinwald Company's transactions for 2020 included the following: | ||||||||||
Purchased real estate for $1,250,000 cash which was borrowed from a bank. | ||||||||||
Sold available-for-sale securities for $900,000. | ||||||||||
Paid dividends of $750,000. | ||||||||||
Issued 500 shares of common stock for $500,000. | ||||||||||
Purchased machinery and equipment for $250,000 cash. | ||||||||||
Paid $900,000 toward a bank loan. | ||||||||||
Reduced accounts receivable by $200,000. | ||||||||||
Increased accounts payable $400,000. | ||||||||||
Prepare the Cash flows from investing activities section of Grinwald's Statement of Cash Flows for 2020. | ||||||||||
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