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The net income reported om the income statement for the current year was $801,00. Depreciation recorded on fixed assets and amortization of patents for the
The net income reported om the income statement for the current year was $801,00. Depreciation recorded on fixed assets and amortization of patents for the year were $10,100 and $2,300, respectively. The company purchased equipment for $85,100 and an acre of land for $49,300. What amount of cash flows from (used for) investing activites is reported on the statement of cash flows ?
The cormpary purchased equsment for 535,100 ond an acre of tand for 549,700 . What amount of cash flows from (used for) investing activices is reperted on the statement of cash fows? a. 5134,400 b. $(134,400) c. 3(42,000) d. $146,800 Step by Step Solution
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