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Question:
In the 2012 year, Bale Company sold equipment with a book value of $90,000 for proceeds of $104,000. The company purchased latest equipment for $240,000 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2012. The investing section of the statement of cash flows will report
a. Total cash outflows of $136,000.
b. Total cash inflows of $14,000.
c. Total cash outflows of $226,000.
d. Total cash inflows of $104,000.
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