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Home Q & A Board Other Fields Homework Help Business Accounting
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kincasdce123 kincasdce123
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A year ago
During the current year, ABC Corporation purchased land for $40,000. ABC also sold equipment with a book value of $2,000 for $10,000. What amount is reported in ABC's investing section of its statement of cash flows?

▸ $30,000 net cash used by investing activities

▸ $0

▸ $38,000 net cash used by investing activities

▸ $38,000 net cash provided by investing activities
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Managerial Accounting

Managerial Accounting


Edition: 4th
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tswinson3tswinson3
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A year ago
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kincasdce123 Author
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A year ago
This helped my grade so much Perfect
fxinternational
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Yesterday
Good timing, thanks!
hmonier
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2 hours ago
Brilliant ツ
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