Calculate the net cash flow from investing activities for 2015. The following account balances were taken from Buckeye Company's general ledger at January 1, 2015, and December 31, 2015: January 1, 2015 December 31, 2015 Equipment 125,000 190,000 Inventory 25,000 28,000 Cash 31,000 43,000 Accounts payable 25,000 47,000 Accounts receivable 42,000 35,000 Investments 48,000 34,000 Land 80,000 60,000 Mortgage payable 100,000 50,000 Common stock 141,000 173,000 Accumulated depreciation 47,000 71,000 Retained earnings 38,000 49,000 The following information was taken from Buckeye Company's 2015 income statement: Sales Revenue $420,000 Cost of goods sold 296,000 Gain on sale of land 17,000 Depreciation expense 24,000 Salaries expense 81,000 Loss on sale of investments 2,000 Net income $34,000
Calculate the net cash flow from investing activities for 2015.
The following account balances were taken from Buckeye Company's general ledger at January 1, 2015, and December 31, 2015:
January 1, 2015 December 31, 2015
Equipment 125,000 190,000
Inventory 25,000 28,000
Cash 31,000 43,000
Accounts payable 25,000 47,000
Accounts receivable 42,000 35,000
Investments 48,000 34,000
Land 80,000 60,000
Mortgage payable 100,000 50,000
Common stock 141,000 173,000
The following information was taken from Buckeye Company's 2015 income statement:
Sales Revenue $420,000
Cost of goods sold 296,000
Gain on sale of land 17,000
Depreciation expense 24,000
Salaries expense 81,000
Loss on sale of investments 2,000
Net income $34,000
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