Exercise 16-8 Cash flows from investing activities L.O. P3 a. Sold land costing

Question

Exercise 16-8 Cash flows from investing activities L.O. P3
a. Sold land costing $325,000 for $415,000 cash, yielding a gain of $90,000.
b. Paid $106,000 cash for a new truck.
c. Equipment with a book value of $81,000 and an original cost of $163,000 was sold at a loss of $37,000.
d. Long-term investments in stock were sold for $90,700 cash, yielding a gain of $14,750.

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. Omit the "$" sign in your response.)

Statement of Cash Flows
Cash flows from investing activities
$..... ......
....... ......
......... ........
.......... .......


Net cash investing activities $ ......

Explanation / Answer

b

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