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The following transactions occurred at the Lionel Corporation in 2013. Use this information to prepare Lionel's schedule of cash flows from investing activities.
A) The company sold a used truck for $4,000 in cash. The original cost of the truck was $19,000. Depreciation of $14,000 had been deducted.
B) The company purchased some new equipment for $25,000.
Forecasted Economic
Predictions about future economic activities, trends, or indicators based on current data and analysis.
Business Capacity
The maximum level of output or production that a company can sustain with its current resources and infrastructure.
Sales Units
A measure of the quantity of products sold or services provided over a period of time.
Revenue Expected
The income that a company anticipates receiving from its normal business activities, such as sales of goods or services, during a specific period.
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