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Cash flows from investing activities: a. Equipment with a book value of $79,000 and an original cost of $166,000 was sold at a loss of
Cash flows from investing activities:
a. | Equipment with a book value of $79,000 and an original cost of $166,000 was sold at a loss of $31,000. |
b. | Paid $109,000 cash for a new truck. |
c. | Sold land costing $320,000 for $415,000 cash, yielding a gain of $95,000. |
d. | Long-term investments in stock were sold for $97,700 cash, yielding a gain of $16,250. |
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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