The following information is from the noncurrent asset


The following information is from the noncurrent asset portion of Randle Companys balance sheet. Dec. 31, 2013 Dec. 31, 2012 property, planr, and equipment $140,000 $125,000. Accumulated depreciation ($69,500) ($57,000). Long term investments $27,000 $15,000. The following activities occured during 2013: Spld equipment with an original cost of $8,000 and a book value of $2,500 for $2,000 cash. Depreciation expense for the year totaled $18,000. Purchased property for $23,000 cash. Purchased long term investments for $12,000 cash. What is the amount of cash used by investing activiteis?

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Financial Accounting: The following information is from the noncurrent asset
Reference No:- TGS01665849

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