Consider the following events:   Cash of $112,000 was used to purchase a truck. Cash of $80,000 was used to retire bonds. Cash of $50,000 was received from the sale of an investment at a loss. Cash dividends of $28,000 were paid to stockholders. Plant assets were depreciated $12,000 under the straight line method. Compute the net cash flow from INVESTING activities (parentheses indicate an outflow):

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 6DQ
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Consider the following events:

 

  • Cash of $112,000 was used to purchase a truck.
  • Cash of $80,000 was used to retire bonds.
  • Cash of $50,000 was received from the sale of an investment at a loss.
  • Cash dividends of $28,000 were paid to stockholders.
  • Plant assets were depreciated $12,000 under the straight line method.

Compute the net cash flow from INVESTING activities (parentheses indicate an outflow):

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