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a. Equipment with a book value of $79,000 and an original cost of $164,000 was sold at a loss of $32,000. b. Paid $109,000 cash
a. Equipment with a book value of $79,000 and an original cost of $164,000 was sold at a loss of $32,000. b. Paid $109,000 cash for a new truck. c. Sold land costing $325,000 for $405,000 cash, yielding a gain of $80,000. d. Stock investments were sold for $92,100 cash, yielding a gain of $17,000. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. Statement of Cash Flows (partial) Cash flows from investing activities Cash paid for new truck Cash received from the sale of land i Cash received from the sale of stock investments Cash received from the sale of equipment 1600 (109,000) 405,000 92,100 (32,000) $ 356.100 a. Equipment with a book value of $79,000 and an original cost of $164,000 was sold at a loss of $32,000. b. Paid $109,000 cash for a new truck. c. Sold land costing $325,000 for $405,000 cash, yielding a gain of $80,000. d. Stock investments were sold for $92,100 cash, yielding a gain of $17,000. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from investing activities Cash paid for new truck S (109,000) Cash received from the sale of land 405,000 Cash received from the sale of stock investments 92,100 Cash received from the sale of equipment (32,000) $ 356,100
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