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Determining Net Cash Flow from Investing Activities
Davis Inc. reported the following information:
| 12/31/2019 |
12/31/2018 |
|
| Equipment |
$220,000 |
$155,000 |
| Accumulated depreciation |
(135,000) |
115,200 |
| Investment (long-term) |
20,200 |
12,000 |
In addition, Davis sold equipment costing $22,900 with accumulated depreciation of $18,150 for $3,500 cash, producing a $1,250 loss. Davis reported net income for 2019 of $122,350.
Required:
Compute net cash flow from investing activities.
Introduction:
Income from investing activities is a thing on the income enunciation that reports the all out change in an association’s money position coming about because of speculation increases or misfortunes and changes coming about because of wholes spent on interests in capital resources, for example, plant and equipment.
To choose:
Compute net cash flow from investing activities.
For the purpose of calculating the investing activity
| Particular | Amount ($) |
| Purchase of Equipment
Proceed form Equipment Purchase of Investment (Long term) Cash used for investing activity |
(87,900)
3,500 (8,200) (92,600) |
Working note 1.
Equipment account
| Date | Particular | Amount ($) | Date | Particular | Amount($) |
| To balance b/d
To bank a/c (balance figure) |
155,000
87,900 |
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