ANSWERS TO QUESTIONS - Information Technology
net cash provided by operating activities Depreciation expense 12,000 Gain on sale of investments (3,400) Increase in account receivable ($41,600 – $21,200) (20,400) (11,800) Net cash provided by operating activities 20,200 Cash flows from investing activities Sale of investments 17,000 Purchase of land (18,000) Net cash used by investing activities (1,000) Cash flows from financing ... ................
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