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Business, 17.09.2019 22:00 leannaadrian

As of january 1, year 2, room designs inc. had a balance of $9,900 in cash, $3,500 in common stock, and $6,400 in retained earnings. these were the only accounts with balances in the ledger on january 1, year 2. further analysis of the company’s cash account indicated that during the year 2 accounting period, the company had (1) net cash inflow from operating activities of $9,800, (2) net cash outflow for investing activities of $16,500 and (3) net cahs flow from financing activities of $11,000. all revenue and expenses events were cash events. the following account and balances represent the general ledger of room design inc as december 31, 2013 before closing. assets = liabilities + stockholder's equitycash 14,200 notes payable 9000 common stock 7500 revenue 18,100land 16,500 ret. earning 6400 expenses 8,300 dividents 2000what did the company purchase that resulted in the cash outflow from investing activities?

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As of january 1, year 2, room designs inc. had a balance of $9,900 in cash, $3,500 in common stock,...

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