a. Equipment with a book value of $79,000 and an original cost of $167,000 was s

Question

a. Equipment with a book value of $79,000 and an original cost of $167,000 was sold at a loss of $37,000 b. Paid $109,000 cash for a new truck. c. Sold land costing $325,000 for $415,000 cash, yielding a gain of $90,000 d. Long-term investments in stock were sold for $91,400 cash, yielding a gain of $15,500 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

Explanation / Answer

Cash flow from investing activities will be

cash recieved from the sale of equipment $42,000 ($79,000 - $37,000)

cash paid for new truck ($109,000)

cash recieved from sale of land $415,000

cash recieved from the sale of long term investments $91,400

so, Net cash provided by investing activities $439,400

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.