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Show step by step calculations a. -499 b. -397 c.-522 d. -550 e. none of the above Use the following information to answer the next
Show step by step calculations
a. -499
b. -397
c.-522
d. -550
e. none of the above
Use the following information to answer the next three questions: The following selected account balances are taken from the records of Claybrook Corporation for the past two years. December 31 2020 2019 $400 $750 Equipment Accumulated depreciation 160 225 92 50 30 Land Bonds payable 50 Common stock 120 100 Additional paid in capital 400 320 Retained earnings 825 675 Other information available for 2020: Net income for the year was $200. Depreciation expense on plant and equipment was $50. Equipment with an original cost of $200 and Accum. Dep. of $115 was sold at a gain of $8. No land was sold during the year. Both new equipment and land were purchased during the year. Bonds payable were retired . Common stock was issued for cash. - Cash dividends were declared and paid. What is Claybrook Corp's net increase (decrease) in cash from investing activitiesStep by Step Solution
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