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Question - The following information pertains to Tree Company for the fiscal year 2020.
Purchase of plant and equipment $34,000
Sale of long-term investment $18,000
Increase in accounts receivable $7,400
Payment of dividends $20,000
Depreciation of plant and equipment $6,800
Loss on redemption of bonds $5,300
Required - Calculate the increase (decrease) in cash from investing activities.
Summarize the information in the notes to the financial statements provided by the company regarding segments, including how the company has segmented its data.
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