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The balance sheet data of Culver Company at the end of 2025 and 2024 follow. Land was acquired for $30,600 in exchange for common stock,
The balance sheet data of Culver Company at the end of 2025 and 2024 follow. Land was acquired for $30,600 in exchange for common stock, par $30,600, during the year; all equipment purchased was for cash. Equipment costing $13,000 was sold for $3,000; book value of the equipment was $6,000. Cash dividends of $10,000 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a - sign e.g. 12,000 or in parenthesis e.g. (12,000). a. Net Cash b. Net Cash c. Net Cash by operating activities. by investing activities. by financing activities. $ $ $
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