a. Equipment with a book value of $65,300 and an original cost of $133,000 was s

Question

  

a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000. b. Paid $89,000 cash for a new truck. c. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000. d. Long-term investments in stock were sold for $60,800 cash, yielding a gain of $4,150. a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000. b. Paid $89,000 cash for a new truck. c. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000. d. Long-term investments in stock were sold for $60,800 cash, yielding a gain of $4,150 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 (89,000) 198,000 Cash received from the sale of long-term investments Net cash provided by investing activities 60,800 $ 169,800

Explanation / Answer

Cash flow from investing activities:

Sale of equipment 65300 - 14000 51300 Purchase of new truck -89000 Sale of land   198000 Sale of Long-term investments 60800 Net cash provided by investing activities 221100

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

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