Equipment with a book value of $80,000 and an original cost of $166,000 was sold at a loss of $37,000. Paid $100,000 cash for a new truck. Sold land costing $320,000 for $420,000 cash, yielding a gain...


Equipment with a book value of $80,000 and<br>an original cost of $166,000 was sold at a loss<br>of $37,000.<br>Paid $100,000 cash for a new truck.<br>Sold land costing $320,000 for $420,000<br>cash, yielding a gain of $100,000.<br>Long-term investments in stock were sold for<br>$94,900 cash, yielding a gain of $14,750.<br>Use the above information to determine this<br>company's cash flows from investing<br>activities. (Amounts to be deducted should be<br>indicated with a minus sign.)<br>

Extracted text: Equipment with a book value of $80,000 and an original cost of $166,000 was sold at a loss of $37,000. Paid $100,000 cash for a new truck. Sold land costing $320,000 for $420,000 cash, yielding a gain of $100,000. Long-term investments in stock were sold for $94,900 cash, yielding a gain of $14,750. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)

Jun 11, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here