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Alika [10]
2 years ago
10

Kampy Krusty Corp.'s transactions for the year ended December 31, 20XX included the following:

Business
1 answer:
jeka942 years ago
8 0

Answer:

c. $35,000

Explanation:

Calculation to determine what Kampy Krusty's net cash used in investing activities for 20XX was:

Purchase of real estate ($110,000)

Sales of investment securities $100,000

Purchased machinery and equipment ($25,000)

Cash used in investing activities $35,000

Therefore Kampy Krusty's net cash used in investing activities for 20XX was:$35,000

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