Use the following excerpts from Fruitcake Company's financial records to determine net cash flows from investing activities. Acquired new plant assets Collected interest on investment assets Sold land used in business Investing Activities: Cash proceeds from land sale Cash paid for purchase of plant assets Net cash flows from investing activities $18,000 4,000 36,500

Use the following excerpts from Fruitcake Company's financial records to determine net cash flows from investing activities. Acquired new plant assets Collected interest on investment assets Sold land used in business Investing Activities: Cash proceeds from land sale Cash paid for purchase of plant assets Net cash flows from investing activities $18,000 4,000 36,500

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 6E

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Use the following excerpts from Fruitcake Company's financial records to determine net cash flows from investing activities. Acquired new plant assets $18,000 Collected interest on investment assets 4,000 Sold land used in business 36,500
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