please help me out on these 2 questions….need to see all work..thanks..

please help me out on these 2 questions….need to see all work..thanks..

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Wofford Company provides the following information related to its investing and financing a
current year:
Cash receipts:
Sale of
common stock
$
250,000
Sale of
equipment (at
$34,000 loss)
156,000
Sale of land
(at $50,000 gain)
160,000
Cash payments:
Purchase of
equipment
$
178,000
Purchase of
treasury stock
45,000
Retirement of
debt
36,500
Dividends on
preferred and
common stock
75,000
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12.
value:
10.00 points
a
.
Calculate the net amount of cash provided by or used for investing activities for the y
“$” sign in your response.)
Cash
(Click to select)used forprovided by
investing activities
$
check my work
references
13.

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value:
10.00 points
b
.
What impact does equipment sold at a loss, and land sold at a gain have on your calcu
all that apply.)
Gain on sale of land is reflected in the cash payments figure.
Loss on sale of equipment is reflected in the cash payments figure.
Loss or gain will be reflected in neither cash receipts nor cash payments figure.
Gain on sale of land is reported separately from cash receipts figure.
Loss on sale of equipment is reported separately from cash receipts.
The amount of gain or loss is reflected in the cash receipts figure.

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