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Question - Batman Corp. adheres to ASPE the following information relates to 2022 - Batman issued bonds with proceeds of $300,000, preferred share with proceeds of $340,000 and sold an equipment with proceeds of $80,000. During 2022 they purchased inventories costing $470,000. With some extra cash from operations they purchased treasury shares for $90,000 and a long-term investment for $420,000. In addition dividends were paid to preferred shareholders amounting to $70,000.
Required - What the cash provided by (used in) investing activities during 2022?
The leased building has a cost of $3,000,000 and was purchased for cash on January 1, 2020. Prepare the journal entries that Kingbird should make
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