Question

Stevens Studios engaged in the following activities during the year:
• Purchased 100 shares of Monk Industries for $12,000
• Sold 50 shares of Hinson Healthcare for $2,000
• Purchased new equipment costing $70,000 for $20,000 cash and a $50,000 note payable
• Sold equipment with a book value of $50,000 for $35,000

Required
Prepare the cash flows provided by investing activities section of Stevens Studios' statement of cash flows.



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  • CreatedFebruary 21, 2014
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