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8 Exercise 12-7 Cash flows from investing activities LO P3 1 points a. Equipment with a book value of $83,000 and an original cost of
8 Exercise 12-7 Cash flows from investing activities LO P3 1 points a. Equipment with a book value of $83,000 and an original cost of $164,000 was sold at a loss of $33,000. b. Paid $100,000 cash for a new truck. c. Sold land costing $310,000 for $410,000 cash, yielding a gain of $100,000. d. Long-term investments in stock were sold for $97,000 cash, yielding a gain of $17,000. eBook 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.) Hint Cash flows from investing activities References
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