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In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment$15,900 Purchase
In preparing a company's statement of cash flows for the most recent year, the following information is available:
Loss on the sale of equipment$15,900 Purchase of equipment164,000 Proceeds from the sale of equipment145,000 Repayment of outstanding bonds96,500 Purchase of treasury stock71,500 Issuance of common stock105,500 Purchase of land134,000 Increase in accounts receivable during the year52,500 Decrease in accounts payable during the year84,500
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