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HW Chapter-126 3 Required information [The following information applies to the questions displayed below] Part 2 of 5 The following accounts and corresponding balances were
HW Chapter-126 3 Required information [The following information applies to the questions displayed below] Part 2 of 5 The following accounts and corresponding balances were drawn from Delsey Company's 2017 and 2016 yeor-end balance sheets. points Account Title Investment s 110,000 $ 116,500 securities eBook Machinery Land 486,000437,000 160,000 100,000 Hint Print Other information drawn from the occounting records: Reterences 1. Delsey incurred a $6,000 loss on the sale of investment securities during 2017 2. Old mochinery with a book value of $8,000 (cost of $36,000 minus accumulated depreciation of $28,000) was sold. The income statement showed a gein on the sale of machinery of $4,500. 3. Delsey did not sell land during the year b. Compute the amount of cash flow associated with the purchase of machinery of machinery purchased
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