ANSWERS TO QUESTIONS

Intangible assets Goodwill $150,000 Patents 220,000 Franchises 110,000 Total intangibles $480,000 ... cash provided by operating activities 39,200 Cash flows from investing activities Sale of investments 29,000 Purchase of land (38,000) Net cash used by investing activities (9,000) Cash flows from financing activities Issuance of common stock ... ................
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