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Which of the following is not correct? a. Purchase of long-term investments for $76,500 decreases cash in Investing for $76,500 b. Increase in Prepaid Rent
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Which of the following is not correct?
a. Purchase of long-term investments for $76,500 decreases cash in Investing for $76,500
b. Increase in Prepaid Rent of $4,500 decreases cash in Operating for $4,500
c. Sale of land originally costing $60,000 for $66,000 increases cash in Operating for $6,000 and increases cash in Investing for $60,000
d. Depreciation of $20,000 increases cash in Operating for $20,000
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