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Use the following information for the questions.
The Dolmen Company Income Statement
For the Year Ended June 30, 2019
The Dolmen Company Comparative Balance Sheet June 30, 2019
Liabilities and Stockholders' Equity
Additional information:
Equipment costing $100,000 was sold for $70,000. Accumulated depreciation on this equipment was $20,000. Dividends of $38,000 were declared and paid in 2019.
Bonds were issued at face value of $300,000. Common stock of $55,000 was issued to acquire land.
Investments (stock in IBM) were purchased for $275,000.
-Using the information provided, prepare the cash flows from investing activities for The Dolmen Company.
Resource Conservation
The practice of managing the use of natural resources wisely to ensure their sustainability and to protect the natural environment.
RCRA
The Resource Conservation and Recovery Act, a United States federal law that regulates the disposal of solid and hazardous waste.
Hazardous Waste
Waste materials that are dangerous or potentially harmful to human health or the environment.
Manifest System
A procedure used in shipping and transportation industries to document and declare the contents and details of cargo.
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