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Will Upvote 6 a. Equipment with a book value of $79,000 and an original cost of $169,000 was sold at a loss of $34,000. b.
Will Upvote 6
a. Equipment with a book value of $79,000 and an original cost of $169,000 was sold at a loss of $34,000. b. Paid $103,000 cash for a new truck. c. Sold land costing $325,000 for $425,000 cash, ylelding a gain of $100,000. d. Stock investments were sold for $92,100 cash, ylelding a gain of $16,250. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be Indicated with a minus sign.)Step by Step Solution
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