a. Equipment with a book value of $82,500 and an original cost of $160,000 was sold...
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a. Equipment with a book value of $82,500 and an original cost of $160,000 was sold at a loss of $33,000. b. Paid $103,000 cash for a new truck. c. Sold land costing $315,000 for $420,000 cash, yielding a gain of $105,000. d. Stock investments were sold for $94,200 cash, yielding a gain of $14,750. Use the above information to determine cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Cash flows from investing activities a. Equipment with a book value of $82,500 and an original cost of $160,000 was sold at a loss of $33,000. b. Paid $103,000 cash for a new truck. c. Sold land costing $315,000 for $420,000 cash, yielding a gain of $105,000. d. Stock investments were sold for $94,200 cash, yielding a gain of $14,750. Use the above information to determine cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Cash flows from investing activities
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
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