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Question 29 Ryan Ltd. sold equipment with a book value of $80,000 for a 10,000 gain, sold Ryan Ltd, common stock for $80,000, received repayment on a notes receivable for $160,000 (this amount included $16,000 of interest), paid dividends of $30,000, purchased treasury stock for $35,000, purchased a piece of equipment with a fair market value of $100,000 by paying $25,000 in cash and signing a notes payable for the balance, and received dividends in the amount of $40,000. The net cash inflow from investing activities was: Answer: $

Question 29 Ryan Ltd. sold equipment with a book value of $80,000 for a 10,000 gain, sold Ryan Ltd, common stock for $80,000, received repayment on a notes receivable for $160,000 (this amount included $16,000 of interest), paid dividends of $30,000, purchased treasury stock for $35,000, purchased a piece of equipment with a fair market value of $100,000 by paying $25,000 in cash and signing a notes payable for the balance, and received dividends in the amount of $40,000. The net cash inflow from investing activities was: Answer: $

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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Question 29 Ryan Ltd. sold equipment with a book value of $80,000 for a 10,000 gain, sold Ryan Ltd. common stock for $80,000, received repayment on a notes receivable for $160,000 (this amount included $16,000 of interest), paid dividends of $30,000, purchased treasury stock for $35,000, purchased a piece of equipment with a fair market value of $100,000 by paying $25,000 in cash and signing a notes payable for the balance, and received dividends in the amount of $40,000. The net cash inflow from investing activities was: Answer: $
Transcribed Image Text:Question 29 Ryan Ltd. sold equipment with a book value of $80,000 for a 10,000 gain, sold Ryan Ltd. common stock for $80,000, received repayment on a notes receivable for $160,000 (this amount included $16,000 of interest), paid dividends of $30,000, purchased treasury stock for $35,000, purchased a piece of equipment with a fair market value of $100,000 by paying $25,000 in cash and signing a notes payable for the balance, and received dividends in the amount of $40,000. The net cash inflow from investing activities was: Answer: $
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