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Snow Manufacturing Company engaged in the following activities during the year:Purchased land at a ...

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Snow Manufacturing Company engaged in the following activities during the year:Purchased land at a ...

Snow Manufacturing Company engaged in the following activities during the year:

•	Purchased land at a cost of $300,000

•	Sold equipment that cost $25,000 for $10,000

•	Sold 100 shares of stock for $18 each

•	Received a dividend totaling $12,000 from a company in which Snow owned stock

Required:

Prepare the cash flows provided by investing activities section of Snow's statement of cash flows.

Textbook

Managerial Accounting

Edition: 4^th

Author: Davis

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