In 2018, Anderson Company purchased equipment for $364,000 and also sold some special purpose machinery...
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Accounting
In 2018, Anderson Company purchased equipment for $364,000 and also sold some special purpose machinery with a book value of $155,400 for $182,500. In its statement of cash flows for 2018, Anderson should report the following with respect to the above transactions:
Multiple Choice
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$364,000 net cash used by investing activities.
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$181,500 net cash used by investing activities; $27,100 net cash provided by operating activities.
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$364,000 cash used by investing activities; $182,500 cash provided by financing activities.
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$181,500 net cash used by investing activities.
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