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plz answer these 2 questions and I will give thumbs up Question 22 1 pts Twin Peaks Company reports the purchase of equipment for $1,500,000
plz answer these 2 questions and I will give thumbs up
Question 22 1 pts Twin Peaks Company reports the purchase of equipment for $1,500,000 in cash. On a statement of cash flows, this is a(n) example of: O noncash activity. O cash outflow from investing activity. O cash outflow from purchasing activity. O cash outflow from financing activity. Question 20 1 pts Amber Company has the following account balances at the end of the first year of operations: Revenues $100,000 Salaries Expense $13,000 Dividends $9,000 Utilities Expense $11,000 Advertising Expense $9,000 Cash $58,000 Land $55,000 Common Stock $56,000 What are total assets at the end of the first year? O $213,000 O $169,000 $55,000 O $113,000Step by Step Solution
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