Question
a. Equipment with a book value of $83,000 and an original cost of $163,000 was sold at a loss of $37,000 . b. Paid $112,000
a. Equipment with a book value of
$83,000
and an original cost of
$163,000
was sold at a loss of
$37,000
.\ b. Paid
$112,000
cash for a new truck.\ c. Sold land costing
$330,000
for
$420,000
cash, yielding a gain of
$90,000
.\ d. Stock investments were sold for
$96,300
cash, yielding a gain of
$14,000
.\ Use the above information to determine cash flows from investing activities.\ Note: Amounts to be deducted should be indicated with a minus sign.\ \\\\table[[Statement of Cash Flows (partial)],[Cash flows from investing activities,],[Cash received from the sale of stock investments,],[Cash paid for new truck,],[Cash received from the sale of land,],[Cash received from the sale of equipment,],[,],[Net cash provided by investing activities,
$
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