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Calculate the increase in cash from investing activities

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Reference no: EM133172755

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.

Reference no: EM133172755

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