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The following information was extracted from the records of Violet Limited: Cost of new machinery: $55054 Proceeds from sale of machinery: $150448 (Cost $202255; Carrying
The following information was extracted from the records of Violet Limited:
Cost of new machinery: $55054
Proceeds from sale of machinery: $150448
(Cost $202255; Carrying amount $166042)
The net cash flows amount from investing activities is determined as:
A.
-70648
B.
-15594
C.
95394
D.
-106861
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