ation.com Help Save & Exit Subm er 12 Homework Check my work a. Equipment with a

Question

ation.com Help Save & Exit Subm er 12 Homework Check my work a. Equipment with a book value of $79,500 and an oniginal cost of $167,000 was sold at a loss of $34,000 b. Paid S112,000 cash for a new truck c. Sold land costing $325,000 for $415,000 cash, yielding a gain of $90,000 d. Long-term investments in stock were sold for $90,000 cash, ylelding a gain of $14,750 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.) Pre 5of Next> 5 8 0

Explanation / Answer

Amount Amount Cash flows from investing activities Sale of Equipmwnt $             45,500 Purchase of New Truck $        -1,12,000 Sale of Land $          4,15,000 Sale os long term investment in stock $             90,000 Cash flows from investing activities $          4,38,500

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