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TB MC Qu. 16-130 (Algo) In preparing a company's... In preparing a company's statement of cash flows for the most recent year, the following information
TB MC Qu. 16-130 (Algo) In preparing a company's...
In preparing a company's statement of cash flows for the most recent year, the following information is available:
Loss on the sale of equipment$ 15,300Purchase of equipment for cash158,000Proceeds from the sale of equipment139,000Repayment of outstanding bonds93,500Purchase of treasury stock68,500Issuance of common stock102,500Purchase of land for cash128,000Increase in accounts receivable during the year49,500Decrease in accounts payable during the year81,500Payment of cash dividends41,500Net cash flows from investing activities for the year were:
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