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Please type the answer, dont take the picture. ACE Corp provided the following information for the year ended December 31, 2014: Cash paid for interest,
Please type the answer, dont take the picture.
ACE Corp provided the following information for the year ended December 31, 2014: Cash paid for interest, $20,000 Cash sales, $83,000 Collected cash from customers with sales on account, $57,000 Cash paid for dividends, $6,000 Cash dividends received, $4,000 Purchased inventory on account, $125,000 Cash proceeds from bank loan, $29,000 Cash purchase of treasury stock, $11,000 Cash paid for equipment purchase, $27,000 Paid vendors, $100,000 Cash received from issuance of common stock, $37,000 Employee wages earned, $100,000 Employee wages accrued at year-end, $35,000 Cash received from sale of land with a $32,000 book value, $25,000 Acquisition of land costing S51,000 in exchange for preferred stock issuance Payment of a $100,000 note payable by exchanging used machinery with a $77,000 book value and $100,000 fair value Calculate net cash flow from operating, investing, and financing activitiesStep by Step Solution
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