Business
Business, 20.07.2020 01:01, dora8798

During 2019, Lowes Company sold equipment with a book value of $120,000 for proceeds of $145,000. The company purchased new equipment for $320,000 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2019. The investing section of the statement of cash flows will report Group of answer choices net cash outflows of $295,000. net cash outflows of $175,000. net cash inflows of $145,000. net cash inflows of $25,000.

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During 2019, Lowes Company sold equipment with a book value of $120,000 for proceeds of $145,000. Th...

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