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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
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Phoniex University
Oct-2001 - Nov-2016
Items 1 and 2 are based on the following:
In preparing its cash flow statement for the year ended December 31, 2006, Reve Co. collected the following data:
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|
Gain on sale of equipment |
$ (6,000) |
|
Proceeds from sale of equipment |
10,000 |
|
Purchase of A.S., Inc. bonds (par value $200,000) |
(180,000) |
|
Amortization of bond discount |
2,000 |
|
Dividends declared |
(45,000) |
|
Dividends paid |
(38,000) |
|
Proceeds from sale of treasury stock (carrying amount $65,000) |
75,000 |
In its December 31, 2006 statement of cash flows,
What amount should Reve report as net cash used in investing activities?
What amount should Reve report as net cash provided by financing activities?
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