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Use the following info about Can Corp. 2017. Accounts payable decrease 10,000 Accounts receivable increase 5000 Wages payable decrease 4000 Amortization expense 7000 Cash paid
Use the following info about Can Corp. 2017.
Accounts payable decrease | 10,000 |
Accounts receivable increase | 5000 |
Wages payable decrease | 4000 |
Amortization expense | 7000 |
Cash paid as dividends | 30,000 |
Cash paid to purchase land | 85,000 |
Cash paid to retire bonds payable at par | 55,000 |
Cash received from issuance of common stock | 40,000 |
Cash received from sale of equipment | 20,000 |
Depreciation expense | 30,000 |
Gain on sale of equipment | 5,000 |
Inventory decrease | 12,000 |
Net income | 75,000 |
Prepaid expenses increase | 1,000 |
What is the net cash flow form investing activities?
1. (73,000)
2. (65,000)
3. (85,000)
4. 20,000
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