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Use the following company information to calculate its net cash provided or used by investing activities:
(a)Equipment with a book value of $125,000 and an original cost of $220,000 was sold at a gain of $22,000.
(b)Paid $49,000 cash for a new truck.
(c)Sold land costing $30,000 for $26,000 cash,realizing a $4,000 loss.
(d)Purchased treasury stock for $53,000 cash.
(e)Long-term investments in stock are sold for $41,000 cash,realizing a gain of $3,500.
No Restrictions
A condition or status where there are no limitations, constraints, or regulations imposed on actions or activities.
Fiduciary Duty
A legal obligation for one party to act in the best interest of another party, such as a trustee for a beneficiary.
Legislative Requirements
Obligations or conditions laid down by law that must be complied with by individuals or organizations.
Securities Legislation
Laws and regulations governing the issuance, trading, and sale of securities to protect investors and ensure fair markets.
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