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Question 10 (Mandatory) (29 points) Using the data shown below to calculate the cash used or provided by operating activities: Purchased real estate for $4300
Question 10 (Mandatory) (29 points) Using the data shown below to calculate the cash used or provided by operating activities: Purchased real estate for $4300 in cash that was borrowed from a bank. Sold investments for $3900. Paid dividends of $4920. Issued shares of common stock for $2700. Purchased machinery and equipment for $900 cash. Paid $3920 on a bank loan. Accounts receivable (beginning) of $3500. Accounts receivable (ending) of $3000. Accounts payable (beginning) of $4450. Accounts payable (ending) of $5800. Sales for the period were $5850 Cost of Goods Sold for the period were $970 Other expenses for the period were $810
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