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a. Equipment with a book value of $83,500 and an original cost of $169,000 was sold at a loss of $33,000. b. Paid $109,000 cash
a. Equipment with a book value of $83,500 and an original cost of $169,000 was sold at a loss of $33,000. b. Paid $109,000 cash for a new truck. c. Sold land costing $320,000 for $400,000 cash, yielding a gain of $80,000. d. Long-term investments in stock were sold for $97,000 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 $ 0 a. Net income was $470,000. b. Issued common stock for $77,000 cash. c. Paid cash dividend of $14,000. d. Paid $125,000 cash to settle a note payable at its $125,000 maturity value. e. Paid $116,000 cash to acquire its treasury stock. f. Purchased equipment for $92,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from financing activities
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