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a. Equipment with a book value of $84,000 and an original cost of $161,000 was sold at a loss of $35,000. b. Paid $112,000 cash
a. | Equipment with a book value of $84,000 and an original cost of $161,000 was sold at a loss of $35,000. |
b. | Paid $112,000 cash for a new truck. |
c. | Sold land costing $315,000 for $425,000 cash, yielding a gain of $110,000. |
d. | Long-term investments in stock were sold for $94,900 cash, yielding a gain of $15,500. |
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.) |
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