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Computing Net Cash Flow Investing Activities
Davis Inc., reported the following information for equipment:
12/31/2011
12/31/2010
Equipment
$160,000
$115,000
Accumulated depreciation
(85,000)
(59,000)
Long-term investment
18,610
10,000
In addition, Davis and equipment costing $12,500 with accumulated depreciation of $6,750 for $2,390 cash, producing a $3,360 loss. Davis reported net income for 2011 of $122,350.
Compute net cash flow from investing activities. Enter a negative cash flow as a negative number.
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