Reference no: EM132882873
Istopher Corp. reported the following cash transactions in 2020
Long-term investments purchased $300,000
Proceeds from long-term investments sold 500,000
Equipment purchased 2,500,000
Equipment sold at a gain of $80,000 (book value $300,000) 380,000
Treasury stock repurchased 125,000
Interest Revenue Received. 70,000
Required:
Problem 1: Calculate Kristopher's net cash flow from investing activities for 2020.
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: Calculate Kristopher's net cash flow from investing activities for 2020. Equipment sold at a gain of $80,000 (book value $300,000) 380,000.
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