INTERMEDIATE ACCOUNTING (ACCT 3200B)
10th Edition
ISBN: 9781307660647
Author: SPICELAND
Publisher: MCG/CREATE
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Quick Logistics, Inc. had net cash from operating activities of $180,000. It paid $150,000 to purchase new delivery vehicles by signing a $120,000 note and paying the balance. Net cash from (or used for) investing activities for the period was _. a. $30,000 b. ($30,000) c. $150,000 d. ($150,000)
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