Selected data from the Income Statement and Balance Sheet of Old Home, Inc. are as...
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Accounting
Selected data from the Income Statement and Balance Sheet of Old Home, Inc. are as follows
Net Income 493,000
Depreciation Expense 11,580
Incr Accts Receivable 9,000
Decr Accts Payable 3,350
Sale of Land 120,000
Purchase of Equipment 1,800
Decr Noncurrent Note Receivable 21,750
Issue Common Stock 25,000
Dividend paid in cash 24,000
Decr in Bonds 375,000
Prepare the Cash Flows from Investing Activities section of the statement of cash flows. Note that not all items are in this section.
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