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Find what is the net effect in the investing section

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Reference no: EM132940005

Problem 1: Washington Co. sold land for $75,000 cash, bought equipment for $15,000 cash, bought a building for $150,000 with a mortgage, and issued treasury stock for cash at a cost of $50,000. What is the net effect in the investing section on the statement of cash flows?

Option 1: An increase of $60,000
Option 2: A decrease of $260,000
Option 3: A decrease of $110,000
Option 4: A decrease of $60,000
Option 5: None of these are correct

Reference no: EM132940005

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