a. Equipment with a book value of $82,000 and an original cost of $165,000 was s

Question

a. Equipment with a book value of $82,000 and an original cost of $165,000 was sold at a loss of $34,000 b. Paid $112,000 cash for a new truck. c. Sold land costing $315,000 for $420,000 cash, yielding a gain of $105,000. d. Long-term investments in stock were sold for $94,900 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 0

Explanation / Answer

Req 1: Cash flows from Investing Activities: Sale of equipment (82000-34000) 48000 Purchase of truck -112000 Sale of land 420,000 Sale of long term investment 94900 Cash inflows from Investing activities 450900 Req 2: cash flows from Financing activities: Issue of common Stock 78000 Dividend paid -14000 Repayment of notes payable -115000 Acquisition of Treasury Stock -118000 Cash outflows from Financing activities -169000

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