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Assume Happy Feet Corporation completed the following transactions: a. Sold a store building for $680,000. The building cost Happy Feet$1,600,000, and at the time of the sale, its accumulated depreciation totaled $920,000. b. Lost a store building in a fire. The building cost$360,000 and had accumulated depreciation of $210,000. The insurance proceeds received by Happy Feet totaled$190,000. c. Renovated a store at a cost of $130,000. d. Purchased store fixtures for$60,000. The fixtures are expected to remain in service for 10 years and then be sold for $25,000. Happy Feet uses the straight-line depreciation method. For each transaction, show what Happy Feet would report for investing activities on its statement of cash flows. Show negative amounts in parentheses.
How does a criminal case differ from a civil case?
A criminal case is when defendants commit an act that was declared a federal crime, and they are judged for it.
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