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The Steele Company's Net Income is $1,000. The following items were used in compiling the Statement of Cash Flows (indirect method):
Dividends Paid $ 7Increase in Prepaid Expense $ 3Discount on Bond Payable amortization $14Loss on Fixed Asset Sale $ 2Proceeds from Fixed Asset Sale $20Purchase of debt securities (trading) $ 6
Problem 1: Net Cash provided by Investing Activities is:
Select one:
a. $20
b. $10
c. $1
d. $15
e. $14
Each scenario below practices one of the 10 principles of economics. Match the principles to the appropriate scenario listed and justify your answer. Each principle will only be used once.
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