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Brooks Power provided the following information:
Depreciation expense$ 30,000
Funds borrowed from the bank 200,000
Dividends paid to shareholders100,000
Proceeds from sale of building450,000
Purchase of inventories600,000
Purchase of equipment150,000
Problem 1: How much is the net cash from (for) investing activities?
Select one:
a. $400,000
b. $300,000
c. ($200,000)
d. $330,000
Show each transaction in the accounting equation. Prepare the contributed capital portion of the shareholders' equity section at June 30, 2007.
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