Snow Manufacturing Company engaged in the following activities during the year:
$\bullet$Purchased land at a cost of $300,000
$\bullet$Sold equipment that cost $25,000 for $10,000
$\bullet$Sold 100 shares of stock for $18 each
$\bullet$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.

Question

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The Answer of Snow Manufacturing Company engaged in the following activities during the year:
$\bullet$Purchased land at a cost of $300,000
$\bullet$Sold equipment that cost $25,000 for $10,000
$\bullet$Sold 100 shares of stock for $18 each
$\bullet$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.

Snow Manufacturing Company Engaged in the Following Activities During the Year