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On January 12, Ferrell Incorporated obtains a permit to start a comedy club, which will operate only on Saturday nights. To prepare the club
On January 12, Ferrell Incorporated obtains a permit to start a comedy club, which will operate only on Saturday nights. To prepare the club for the grand opening, Ferrell purchases tables and chairs for $11,000 cash on January 16. Ferrell also purchases cleaning supplies on account for an additional $3,200. Determine the amount of investing cash flows Ferrell would report in January. Total investing cash flows
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