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Question 12 1 points During the year, Company AA had the following changes in account balances: 1) The Accumulated Depreciation account had a beginning balance
Question 12 1 points During the year, Company AA had the following changes in account balances: 1) The Accumulated Depreciation account had a beginning balance of $25,200 and an ending balance of $35,400. The increase was due to depreciation expense. 2) The long-term Notes Payable account had a beginning balance of $40,400 and an ending balance of $15,200. The decrease was due to repayment of debt. 3) The Accounts Receivable account had a beginning balance of $60,200 and an ending balance of $50,200. 4) The Equipment account had a beginning balance of $25,400 and an ending balance of $93,500. The increase was due to the purchase of equipment for cash. 5) The Long-Term Investments account (marketable securities) had a beginning balance of $18,800 and an ending balance of $12,900. The decrease was due to the sale of investments at cost. 6) The amount of cash dividends declared and paid during the year was $26,000. 7) The Interest Payable account had a beginning balance of $2650 and an ending balance of $1650. What is the net cash flow from investing activities? $72,400 inflow $62,200 inflow $72,400 outflow O $62,200 outflow
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