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Selected information from the accounting records of Dunn's Auto Dealers is as follows: Cost of furniture purchased for cash $ 8,000 Proceeds from bank loan
Selected information from the accounting records of Dunn's Auto Dealers is as follows: Cost of furniture purchased for cash $ 8,000 Proceeds from bank loan 100,000 Repayment of bank loan (includes interest of $4,000) 44,000 Proceeds from sale of equipment 5,000 Cash collected from customers 320,000 Purchase of stock of another corporation as an investment 20,000 Common stock issued for cash 200,000 In its statement of cash flows, Dunn's should report net cash outflows from investing activities of:
MC Qu. 22 Selected information from the accounting... Selected information from the accounting records of Dunn's Auto Dealers is as follows: Cost of furniture purchased for cash Proceeds from bank loan Repayment of bank loan (includes interest of $4,000 ) Proceeds from sale of equipment Cash collected from customers Purchase of stock of another corporation as an investment Common stock issued for cash $8,000 100,000 44,000 5,000 320,000 20,000 200,000 In its statement of cash flows, Dunn's should report net cash outflows from investing activities ofStep by Step Solution
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