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Cash from Investing Activities

Ebony Corporation's balance sheet and income statement is attached.

Cash dividends were $1.00
The company sold equipment for $19.00 that was originally purchased for $15.00. The equipment had accumulated depreciation of $4.00.
The net cash provided by (used by) investing activities for the year was ________.


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Investing activities deal with fixed assets and investment.
Cash flow from investing activities are
Cash inflow from sale of assets ...

Solution Summary

The solution explains how to calculate the net cash from investing activities for Ebony Corporation