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Unformatted text preview: Proceeds from sale of land 320,000 Purchase of equipment (500,000 ) Cash used by investing activities (180,000) Cash flows from financing activities: Proceeds from issue of bonds (given) 600,000 Repurchase of bonds (by deduction) (100,000) Repayment of note payable (given) (480,000) Proceeds from a new note payable (by deduction) 100,000 Payment of cash dividend (40,000 ) Cash provided by financing activities 80,000 Increase in cash 205,000 Cash balance, January 1, 2008 200,000 Cash balance, December 31, 2008 $405,200...
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- Fall '09