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In preparing its financial statements for December 31, 2011, Razmataz Company reported the following information: Item Amount Gain on sale of equipment Proceeds from
In preparing its financial statements for December 31, 2011, Razmataz Company reported the following information: Item Amount Gain on sale of equipment Proceeds from Sale of Equipment ($6,000) $10,000 Purchase of ABC Company bonds (Par value of $200,000) ($180,000) Amortization of bond discount $2,000 Dividends declared ($45,000) Dividends Paid ($38,000) Proceeds from sale of Treasury Stock (Carrying amount $65,000) $75,000 11] Calculate the amount that should be reported as net cash used in Investing activities.
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