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Madison Company has the following cash flows for the current year: Payments for wages ($1,000) Receipt for inventory sold 17,000 Sale of equipment 8,000 Payment
Madison Company has the following cash flows for the current year:
Payments for wages | ($1,000) |
Receipt for inventory sold | 17,000 |
Sale of equipment | 8,000 |
Payment of dividends | (10,000) |
Purchase of land | (80,000) |
Sale of investments | 50,000 |
Loan proceeds | 18,000 |
Issuance of stock | 20,000 |
Interest paid | (1,000) |
Payment on principal | (15,000) |
What is the net cash flows provided by (used for) investing activities? A. $13,000 B. $22,000 C. ($22,000) D. $5,000
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