Love Corporation's accounting records and financial statements for 2021 is asfollows:Cash paid to acquire machineryRetired share capitalP32,000,00051,000,00095,000,00050,000,00072,000,00085,000,000Proceeds from sale of landGain from the sale of landInvestment revenue receivedCash paid to acquire office equipmentIn its statement of cash flows, the company should report net cash flows frominvesting activities of:

Answered: In its statement of cash flows, the…

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Accounting

In its statement of cash flows, the company should report net cash flows from investing activities of:

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 27BE

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Question

Love Corporation's accounting records and financial statements for 2021 is as
follows:
Cash paid to acquire machinery
Retired share capital
P
32,000,000
51,000,000
95,000,000
50,000,000
72,000,000
85,000,000
Proceeds from sale of land
Gain from the sale of land
Investment revenue received
Cash paid to acquire office equipment
In its statement of cash flows, the company should report net cash flows from
investing activities of:

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