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Use the above information to determine cash flows from investing activities. minus sign.)

Use the above information to determine cash flows from investing activities. minus sign.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 12-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $83,500 and an original cost of $164,000 was sold at a loss of $31,000. b. Paid $115,000 cash for a new truck. c. Sold land costing $320,000 for $405,000 cash, yielding a gain of $85,000. d. Stock Investments were sold for $97,700 cash, yielding a gain of $15,500. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from investing activities Cash received from the sale of equipment Cash paid for new truck Cash received from the sale of land Cash received from the sale of stock investments S S 52,500 (115,000) 405,000 97,700 440,200
Transcribed Image Text:Exercise 12-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $83,500 and an original cost of $164,000 was sold at a loss of $31,000. b. Paid $115,000 cash for a new truck. c. Sold land costing $320,000 for $405,000 cash, yielding a gain of $85,000. d. Stock Investments were sold for $97,700 cash, yielding a gain of $15,500. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from investing activities Cash received from the sale of equipment Cash paid for new truck Cash received from the sale of land Cash received from the sale of stock investments S S 52,500 (115,000) 405,000 97,700 440,200
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