a. Equipment with a book value of $81,500 and an original cost of $169,000 was s

Question

a. Equipment with a book value of $81,500 and an original cost of $169,000 was sold at a loss of $35,000 b. Paid $103,000 cash for a new truck. c. Sold land costing $315,000 for $410,000 cash, yielding a gain of $95,000. d. Long-term investments in stock were sold for $90,700 cash, yielding a gain of $14,000. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) 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 long-term investments et cash provided by investing activities

Explanation / Answer

Cash flows From investing activities     Cash received from the sale of equipment                1,34,000     Cash paid for new truck              (1,03,000)     Cash received from the sale of land                4,10,000     Cash received from the sale of lond term investments                    90,700 Net Cash Provided by investing activities                5,31,700

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