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Karr, Inc. reported net income of $ 300,000 for Year 2 During Year 2Karr sold equipment costing $25,000, with accumulated depreciation of $12,000, for a
Karr, Inc. reported net income of $ 300,000 for Year 2 During Year 2Karr sold equipment costing $25,000, with accumulated depreciation of $12,000, for a gain of $5,000 In December Year 2Karr purchased equipment costing $50,000 with $20,000 cash and a 12% note payable of $30,000 Depreciation expense for the year was $52,000 In Karr's Year 2 statement of cash flows, net cash provided by operating activities should be
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