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The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year - end balance sheets. Other information drawn from
The following accounts and corresponding balances were drawn from Delsey Company's Year and Year yearend
balance sheets.
Other information drawn from the accounting records:
Delsey incurred a $ loss on the sale of investment securities during Year
Old machinery with a book value of $cost of $ minus accumulated depreciation of $ was sold. The income statement showed a gain on the sale of machinery of $
Delsey did not sell land during the year.
Required:
b compute the amount of cash flows associated with the purchase of machinery
d compute the amount of cash flow associated with the purchase of land.
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