Based on the following information, compute cash flows from investing activities under GAAP. Cash collections from customers
Question:
Cash collections from customers .... $800
Purchase of used equipment ...... 200
Depreciation expense .......... 200
Sale of investments ........... 450
Dividends received ............ 100
Interest received ............. 200
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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