a. Equipment with a book value of $83,500 and an original cost of $161,000 was s

Question

a. Equipment with a book value of $83,500 and an original cost of $161,000 was sold at a loss of $34,000 b. Paid $103,000 cash for a new truck. c. Sold land costing $325,000 for $420,000 cash, yielding a gain of $95,000. d. Long-term investments in stock were sold for $92,800 cash, yielding a gain of $14,000. 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 :

Cash received from sale of equipment (83500-34000) 49500 Cash paid for new truck -103000 Cash received from sale of land 420000 Cash received from sale of long term investments 92800 Net cash flow from investing activities 459300

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