The differences in some of Beal Inc.'s Balance Sheet accounts at December 31, 20X4 and 20X3, are presented below:The following additional information relates to 20X4: net income was $790,000; cash dividends of $500,000 were declared; building costing $600,000, with a carrying amount of $350,000, was sold for $350,000; equipment costing $110,000 was acquired through the issuance of long-term debt; and a long-term investment was sold for $135,000. There were no other transactions affecting long-term investments. 10,000 shares of common stock were issued for $22 a share. In Beal's 20X4 Statement of Cash Flows, net cash used in investing activities was
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The differences in some of Beal Inc.'s Balance Sheet accounts at December 31, 20X4 and 20X3, are pre...
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