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Computing net cash flow from investing activities davis inc

Computing Net Cash Flow from Investing Activities

Davis Inc. reported the following information for equipment:

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In addition, Davis sold equipment costing $12,500 with accumulated depreciation of $6,750 for $3,360 cash, producing a $1,150 loss. Davis reported net income for 2011 of $122,350.

Compute net cash flow from investing activities. Enter a negative cash flow as a negative number.

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Accounting Basics: Computing net cash flow from investing activities davis inc

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