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Ribbit, Inc. had the following activities during year 8: . Acquired a bond investment for $40,000, which Ribbit intends to hold to maturity. Sold
Ribbit, Inc. had the following activities during year 8: . Acquired a bond investment for $40,000, which Ribbit intends to hold to maturity. Sold equipment to another corporation for $24,000 when the carrying value was $22,000 . Acquired a stock investment for $8,500, which Ribbit intends to hold for trading Made a loan to an employee for $12,500 Collected interest on a bond investment of $2,500. In Ribbit's year 8 statement of cash flows, net cash used in investing activities should be Multiple Choice $56,500 $28.500
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