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During the year, Lin Company's equipment account increased from $77,800 to $94,300 as a result of selling old equipment for $2,200 that had cost $9,200 and a book value of $3,000, and from purchasing new equipment for cash. Prepare the investing activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a-sign (e.g., -15,000) or in parenthesis (e.g., (15,000).) Cash flows from investing activities: $

During the year, Lin Company's equipment account increased from $77,800 to $94,300 as a result of selling old equipment for $2,200 that had cost $9,200 and a book value of $3,000, and from purchasing new equipment for cash. Prepare the investing activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a-sign (e.g., -15,000) or in parenthesis (e.g., (15,000).) Cash flows from investing activities: $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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AM. 37.

During the year, Lin Company's equipment account increased from $77,800 to $94,300 as a result of selling old equipment for $2,200 that had cost $9,200 and a book value of $3,000, and from purchasing new equipment for cash. Prepare the investing activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a-sign (e.g., -15,000) or in parenthesis (e.g., (15,000).) Cash flows from investing activities: Net cash V by investing activities GA $
Transcribed Image Text:During the year, Lin Company's equipment account increased from $77,800 to $94,300 as a result of selling old equipment for $2,200 that had cost $9,200 and a book value of $3,000, and from purchasing new equipment for cash. Prepare the investing activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a-sign (e.g., -15,000) or in parenthesis (e.g., (15,000).) Cash flows from investing activities: Net cash V by investing activities GA $
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