3 Exercise 16-7 Cash flows from investing activities LO P3 a. Equipmen ) b. Paid

Question

3 Exercise 16-7 Cash flows from investing activities LO P3 a. Equipmen ) b. Paid $118,000 cash for a new truck c. Sold land costing $325,000 for $425,000 cash, yielding a gain of $100,000 d. Long-term investments in stock were sold for $94,200 cash, yielding a gain of $16,250 nt with a book value of $78,500 and an original cost of $167,000 was sold at a loss of 15 poines information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Print References

Explanation / Answer

Cash flows from investing activities Cash received from the sale of equipment $41,500 Cash paid for new truck ($118,000) Cash received from the sale of land $425,000 Cash received from the sale of long­term investments $94,200 Net cash provided by investing activities $442,700

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