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Harry Company Purchased Land for $500,000 by Issuing Bonds for $400,000

Question 128

Multiple Choice

Harry Company purchased land for $500,000 by issuing bonds for $400,000 and paying the remaining $100,000 in cash.Harry also sold a building that cost $980,000 and had accumulated depreciation of $434,000 for $640,000.Net cash flows from investing activities totaled


A) ($406,000)
B) $540,000
C) ($94,000)
D) $0

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