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The following information pertains to Montana Company: Net income. $ $ 10,000 35,000 Depreciation expense Payment of dividends 50,000 Increase in accounts payable 12,000 Acquisition
The following information pertains to Montana Company: Net income. $ $ 10,000 35,000 Depreciation expense Payment of dividends 50,000 Increase in accounts payable 12,000 Acquisition of equipment 2,000 Sale of treasury shares 9,000 Payment of long-term debt. 6,000 Proceeds from sale of land 4,000 Increase in accounts receivable 16,000 Collection of long-term notes receivable 42,000 3,000 Loss on sale of land. 15,000 Decrease in inventories Net cash provided by (used for) investing activities would be A. $(1,000). B. $(13,000). C. $1,000 D. $13,000
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