a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold for $51,300. b. Paid $89,000 cash for a new truck. c. Sold land costing $154,000 for $198,000 cash. d. Long-term investments in stock were sold for $60,800 cash. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated wit minus sign.) Statement of Cash Flows (partial)

a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold for $51,300. b. Paid $89,000 cash for a new truck. c. Sold land costing $154,000 for $198,000 cash. d. Long-term investments in stock were sold for $60,800 cash. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated wit minus sign.) Statement of Cash Flows (partial)

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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