a. Equipment with a book value of $82,000 and an original cost of $163,000 was sold at a loss of $31,000. b. Paid $112,000 cash for a new truck. c. Sold land costing $320,000 for $415,000 cash, yielding a gain of $95,000. d. Stock investments were sold for $90,700 cash, yielding a gain of $15,500. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from investing activities
a. Equipment with a book value of $82,000 and an original cost of $163,000 was sold at a loss of $31,000. b. Paid $112,000 cash for a new truck. c. Sold land costing $320,000 for $415,000 cash, yielding a gain of $95,000. d. Stock investments were sold for $90,700 cash, yielding a gain of $15,500. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from investing activities
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter12: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12.23MCE
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