a. Equipment with a book value of $79,000 and an original cost of $168,000 was s

Question

a. Equipment with a book value of $79,000 and an original cost of $168,000 was sold at a loss of $34,000 b. Paid $112,000 cash for a new truck c. Sold land costing $315,000 for $425,000 cash, yielding a gain of $110,000 d. Long-term investments in stock were sold for $93,500 cash, yielding a gain of $16,250 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

Particulars Amt sale of equipment (79000-34000) 45000 purchase of truck -112000 sale of land 425000 inventment sold 93500 Cash flow from investing activity 451500

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