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Calculate the total cash flows from investing activities

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Reference no: EM132935798

The following information was extracted from the records of Vincent Limited:

Opening balance of machinery: $840 000

Closing balance of machinery: $960 000

Cost of new machinery: $240 000

Proceeds from sale of machinery: $48 000

(Cost $120 000; Carrying amount $40 000)

Problem 1: Calculate the total cash flows from investing activities.

Reference no: EM132935798

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