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XYZ Company had the following transactions during 2017: 1. Issued $52000 of par value common stock for cash. 2. Repaid a 6 year note payable
XYZ Company had the following transactions during 2017: 1. Issued $52000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $21600. 3. Acquired land by issuing common stock of par value $97000. (NON-CASH) 4. Declared and paid a cash dividend of $1700. 5. Sold a long-term investment (cost $2700) for cash of $8200. 6. Acquired an investment in IBM stock for cash of $14800. What is the net cash provided used by investing activities? O $(6,600) O $8.200 O $14.800 O $34.800
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