When preparing a company's statement of cash flows for the most recent year, the following information is
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Question:
When preparing a company's statement of cash flows for the most recent year, the following information is available:
Loss on sale of equipment $14,400
Purchase of equipment 149,000
Proceeds from sale of equipment 130,000
Repayment of outstanding bonuses 89,000
Purchase of treasury shares 64,000
Issuance of common shares 98,000
Purchase of land 119,000
Increase in accounts receivable during the year 45,000
Decrease in accounts payable during the year 77,000
Cash dividend payments 37,000
Calculate net cash flows from investing activities for the year.
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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