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Manning Tint,Inc

question 44

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Manning Tint,Inc.uses the indirect method to prepare its statement of cash flows.Refer to the following portion of the comparative balance sheet:
Manning Tint,Inc.uses the indirect method to prepare its statement of cash flows.Refer to the following portion of the comparative balance sheet:   Additional information provided by the company includes the following: 1.Equipment was purchased for $68,000. 2.Equipment with a cost of $36,000 and accumulated depreciation of $7,400 was sold for $50,000. What was the amount of net cash provided by (used for) investing activities? A) $177,000 B) $18,000 C) $(177,000)  D) $(18,000)
Additional information provided by the company includes the following:
1.Equipment was purchased for $68,000.
2.Equipment with a cost of $36,000 and accumulated depreciation of $7,400 was sold for $50,000.
What was the amount of net cash provided by (used for) investing activities?

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Definitions:

Regulation

A process involving the creation and enforcement of guidelines, laws, or rules to govern behavior and ensure order and fairness in various contexts.

Cognitive Behavioral Therapy

A form of psychotherapy that treats problems and boosts happiness by modifying dysfunctional emotions, behaviors, and thoughts.

ADHD

A neurodevelopmental disorder known as Attention-Deficit/Hyperactivity Disorder is marked by symptoms of inattention, impulsiveness, and excessive activity.

Aggressive Impulses

Innate or developed urges to act or react with hostility or violence towards others or oneself.

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