Question
Calculate Cash Flows from Investing Activities The following transactions occurred during the year: A new warehouse was purchased for $111,600 cash. The company's own common
Calculate Cash Flows from Investing Activities The following transactions occurred during the year:
A new warehouse was purchased for $111,600 cash.
The company's own common stock was purchased for $22,000.
An old warehouse costing $80,000 was sold for $46,900, resulting in a gain of $5,000.
The company purchased stock in Boston Beer Inc. for $7,800 cash.
Stock of Tazer Inc. was sold for $13,900, resulting in a gain of $7,800.
Required: Use this information to compute cash flows from investing activities. Use a negative number (for example, -1,000) to indicate a cash outflow.
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