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Please answer the question above and show your work. Computing Net Cash Flow from Investing Activities Davis Inc. reported the following information for equipment:In addition,
Please answer the question above and show your work.
Computing Net Cash Flow from Investing Activities Davis Inc. reported the following information for equipment:In addition, Davis sold equipment costing $12,500 with accumulated depreciation of $8,350 for $2,120 cash, producing a $2,030 loss. Davis reported net income for 2011 of S122,350. Compute net cash flow from investing activities. Enter a negative cash flow as a negative number. $ -62310Step by Step Solution
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