On its December 31st balance sheet, LCG Company reported gross fixed assets of $6,500,000 and net fixed assets of $5,000,000.Depreciation for the year was $500,000.Net fixed assets a year earlier on December 31st, had been $4,700,000.What figure for "Cash Flows Associated with Long-Term Investments (Fixed Assets)" should LCG
Report on its Statement of Cash Flows for the current year?
A)$500,000
B)$600,000
C)$700,000
D)$800,000
E)$900,000

Question

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The Answer of On its December 31st balance sheet, LCG Company reported gross fixed assets of $6,500,000 and net fixed assets of $5,000,000.Depreciation for the year was $500,000.Net fixed assets a year earlier on December 31st, had been $4,700,000.What figure for "Cash Flows Associated with Long-Term Investments (Fixed Assets)" should LCG
Report on its Statement of Cash Flows for the current year?
A)$500,000
B)$600,000
C)$700,000
D)$800,000
E)$900,000

On Its December 31st Balance Sheet, LCG Company Reported Gross