ml Ch. 12-Quiz Saved Exercise 12-7 Cash flows from investing activities LO P3 2

Question

ml Ch. 12-Quiz Saved Exercise 12-7 Cash flows from investing activities LO P3 2 o. Equipment with a book value of $83,500 and an original cost of $162,000 was sold at a loss of $36,000 b. Paid $112,000 cash for a new truck c. Sold land costing $320,000 for $415,00 cash, yielding a gain of $95,000. d. Long-term investments in stock viere sold for $94,900 cash, yielding a gain of $14,750 points mounts to be deducted should be ows from investing activities A Use the above i formation to determine this company's cash indicated with a minus sign.) ots 015717 eBook Cash flows from investing activities Reterences Reference links Three Stage Process of Anesis

Explanation / Answer

Answer: Cash flows from investing activities: Sale of equipment $                   47,500.00 (83,500-36,000) Purchase of new truck $              (112,000.00) Sale of land $                415,000.00 Sale of long-term investment $                   94,900.00 Cash flow from investing activities $                445,400.00 Note: Sale consideration of equipment is as under: Book value of equipment $                   83,500.00 Less: Loss on sale of equipment $                   36,000.00 Sale consideration $                   47,500.00

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