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Practice Question 34 Investing activities include acquiring and...

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Accounting

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Practice Question 34

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image Investing activities include acquiring and disposing of investment and property, plant, and equipment, and lending money and collecting loans.
The following are data concerning cash received or paid from various transactions for Orange Peels Corporation:
Sale of land $100,000
Sale of equipment 50,000
Issuance of common stock 70,000
Purchase of equipment 30,000
Payment of cash dividends 60,000
How much is net cash provided by investing activities?

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