The following four events affecting property, plant and equipment, and intangible assets, occurred during the current year
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Question:
The following four events affecting property, plant and equipment, and intangible assets, occurred during the current year for a firm:
i Purchased equipment for $
ii Successfully defended a patent infringement suit costing the firm $ in legal fees this year; as a result, the firm has sole rights to the patent.
iii Capitalized and paid $ of interest on a building under construction which is to house the firm's new offices.
iv Received $ in casualty insurance proceeds as a result of fire damage to one of the firm's factories.
What is the net effect on investing cash flow of the above transactions for the current year?
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