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In preparing a company's statement of cash flows for the year just ended, the following information is available: Loss on sale of equipment: $14,000 Purchase
In preparing a company's statement of cash flows for the year just ended, the following information is available: Loss on sale of equipment: $14,000 Purchase of equipment: $145,000 Proceeds from the sale of equipment: $126,000 Repayment of outstanding bonds: $87,000 Purchase of treasury stock: $62,000 Issuance of common stock: $96,000 Purchase of land: $ 115,000 Increase in accounts receivable during the year: $43,000 Decrease in accounts payable during the year: $75,000 Payment of cash dividends: $35,000 Net cash flows from financing activities for the year were: Goober's Peanut Farm had the following transactions during 2020: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22,000. 3. Acquired land by issuing common stock of par value $100,000. 4. Declared and paid a cash dividend of $2,000. 5. Sold a long-term investment (cost $3,000) for cash of $8,000. 6. Acquired an investment in IBM stock for cash of $15,000. What is the net cash provided (used) by investing activities? $15.000 $23.000 $8.000 ($7,000) ($107.000)
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