During the year, Lin Company's equipment account increased from 80,400 to 101,600 as a result...
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Accounting
During the year, Lin Company's equipment account increased from 80,400 to 101,600 as a result of selling old equipment for $2,300 that had cost $8,600 and a book value of $2,900, and from purchasing new equipment for cash. Prepare the investing activities section of the statement of cash flows.
Sale of equipment
Purchase of equipment
Net cash used by investing activities
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