Saved Exercise 12-7 Cash flows from investing activities LO P3 e Equlpment with

Question

Saved Exercise 12-7 Cash flows from investing activities LO P3 e Equlpment with a book value of $84,000 and an original cost of $167000 was sold at a loss of $32,000. b. Paid $112,000 cash for a new truck. c. Sold land costing $320,000 for $430,000 cash, yielding a gain of $110,000. d. Long-term investments in stock were sold for $97000 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

Explanation / Answer

Cash Flows from Investing activities (Amount in $)

Sale of Equipment (84,000-32,000) 52,000 Purchase of new Truck -112,000 Sale of Land 430,000 Sale of long term investments in stock 97,000 Net cash flow from investing activities 467,000

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