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I would like the answer and explanation for this question. The balance sheet data of Marin Company at the end of 2025 and 2024 are
I would like the answer and explanation for this question.
The balance sheet data of Marin Company at the end of 2025 and 2024 are shown below. Equipment was purchased for $19,000 in exchange for common stock, par $19,000, during the year; all other equipment purchased was for cash. Land was sold for $31,900. Cash dividends of $7,000 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a - sign e.g. - 12,000 or in parenthesis e.g. (12,000).)Step by Step Solution
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