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Show all work (10 pts) Old equipment having a book value of $14,000 was sold for $12,000 cash. New equipment was purchased for $25,000 cash.
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(10 pts) Old equipment having a book value of $14,000 was sold for $12,000 cash. New equipment was purchased for $25,000 cash. Additional equipment was acquired in exchange for a $151,000 long-term note payable. What was the net cash flow from investing activitiesStep by Step Solution
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