a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at
Question:
b. Paid $89.000 cash for a new truck
c. Sold land costing $154,000 for $198,000 cash. yielding a gain of $44.000.
d. Long-term investments in stock were sold for $60,800 cash, yielding a gain of $4,150.
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.)
Transcribed Image Text:
Cash flows from investing activities Cash received from the sale of equipment Cash paid for new truck Cash received from the sale of land (89,000) 198,000 Cash received from the sale of long-term investments Net cash provided by investing activities 60,800 $ 169,800
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (19 reviews)
Cash flow from investing activities Sale ...View the full answer
Answered By
WAHIDUL HAQUE
hello,
I'm a professional academic solution provider working as a freelance academic solution provider since 7 years. I have completed numerous projects. Help lots of students to get good marks in their exams and quizzes. I can provide any type of academic help to your homework, classwork etc, if you are a student of Accounting, Finance, Economics, Statistics. I believe in satisfying client by my work quality, rather than making one-time profit. I charge reasonable so that we make good long term relationship. why will you choose me? i am an extremely passionate, boldly honest, ethically driven and pro-active contractor that holds each of my clients in high regards throughout all my business relations. in addition, I'll always make sure that I'm giving my 100% better in every work that will be entrusted to me to be able to produce an outcome that will meet my client's standards. so if you are a student that is now reading my profile and considering me for your academic help. please feel free to look through my working history, feedback and contact me if you see or read something that interests you. I appreciate your time and consideration.
regards
4.90+
233+ Reviews
368+ Question Solved
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Cost Accounting questions
-
Use the following information to determine this companys cash flows from investing activities. a. Equipment with a book value of $ 65,300 and an original cost of $ 133,000 was sold at a loss of $...
-
State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Sold equipment with a book value of $65,000 for $83,000. b....
-
Use the following information to determine this companys cash flows from investing activities. a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of...
-
1. How far can an economist contribute to this normative debate over the desirability of an excise tax? 2. What is the excess burden of a lump-sum tax? (For a clue, see Figure 12.14.)
-
Suppose it takes 2 weeks for Websters supplier to set up production, make and test the chips, and deliver them to Websters plant. Assuming certainty in delivery times and usage, at what inventory...
-
Review Exhibit 10.9. Which learning style type best characterizes you? How can you use this understanding to improve your learning ability? To improve your management skills? LO.1
-
Claim: p=0.65; a
-
Reggie Wilmore has just started a new businessbuilding and installing custom garage organization systems. Reggie builds the cabinets and work benches in his workshop, then installs them in clients...
-
9. From the lessee's perspective, in the earlier years of a lease, operating leases will cause the lessee to report lower income, compared to finance leases. operating leases will cause lease...
-
What can be done to offer the best possible lunch food and service? The kitchen at a major corporations managed services business account includes several gas and electric stoves, ovens, broilers,...
-
Assume you are a consultant for a local business that has asked you to propose an enterprise-wide solution that includes topology, network devices, IP infrastructure, and network security. The...
-
Hector Company has developed the following standard costs for its product for 2012: HECTOR COMPANY Standard Cost Card Product A Cost Element...... Standard Quantity...... Standard Price .....=...
-
What is meant by a learning curve? Explain its role in cost estimation.
-
Over the past 40 years, union membership has declined, and it continues to do so. Instead, many companies are turning to alternative dispute resolution. We know one of the best union avoidance...
-
Article "A Leader's Journey" by Pamela Kruger Photographs by Nigel Dickson. For this discussion, let's try and unpack the key factors that led to his transformation. 1. What are your key takeaways...
-
Describe the collaborative roles of the team leader and the team coach in helping a group of people come together to form a team. Recommend strategies for Alex as team leader to use in helping to...
-
a. Complete the table with all marginal totals and cell counts. b. Calculate the following probabilities. i. For a male to be a Republican. ii. For a voter to be female. iii. For a voter to be either...
-
1. Will the Coronavirus Pandemic Make Working from Home the New Normal?" Address the following below. Define the problem described in this case. What are the management, organization, and technology...
-
Special interests do not oppose regulations in all cases. The Marketplace Fairness Act of 2013 would require online merchants to collect sales taxes from their customers in other states. Why might a...
-
What kind of rays are X-rays?
-
How many months will it take to payoff a $525 debt, with monthly payments of $15 at the end of each month, if the interest rate is 18%, compounded monthly?
-
For how many months, at an interest rate of 1% per month, does money have to be invested before it will double in value?
-
A bank recently announced an "instant cash" plan for holders of its bank credit cards. A cardholder may receive cash from the bank up to a preset limit (about $500). There is a special charge of 4%...
-
Break-Even Sales and Sales to Realize Income from Operations For the current year ending October 31, Yentling Company expects fixed costs of $537,600, a unit variable cost of $50, and a unit selling...
-
You buy a stock for $35 per share. One year later you receive a dividend of $3.50 per share and sell the stock for $30 per share. What is your total rate of return on this investment? What is your...
-
Filippucci Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200,000) is different from the actual amount incurred ($225,000). Ending balances in the...
Study smarter with the SolutionInn App