The 459,300 is incorrect a. Equipment with a book value of $83,500 and an origin

Question

The 459,300 is incorrect

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 Cash received from the sale of equipment Cash paid for new truck Cash received from the sale of land Cash received from the sale of long-term investments $ 49,500 (103,000) 420,000 459,300 Net cash provided by investing activities

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Cash flow frominvesting activities Cash from sale of equipment = 83500 - 34000                  49,500.00 Cost of new truck             (103,000.00) Sale of land               420,000.00 Sale of long term investments                  92,800.00 Cash flow from investing activities               459,300.00

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