Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CH Exercise 12-7 Cash flows from investing activities LO P3 a. Equipment with a book value of $65,300 and an original cost of $133,000 was

image text in transcribed
image text in transcribed
CH Exercise 12-7 Cash flows from investing activities LO P3 a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14.000 b. Paid $89.000 cash for a new truck. c. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000. d. Long-term investments in stock were sold for $60,800 cash. yielding a gain of $4150 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.) Cash flows from investing activities Help Exercise 12-8 Cash flows from financing activities LO P3 a. Net income was $35,000 b. Issued common stock for $64.000 cash c. Paid cash dividend of $14,600. d. Paid $50,000 cash to settle a note payable at its $50,000 maturity value e. Paid $12,000 cash to acquire its treasury stock, f. Purchased equipment for $39,000 cash. Use the above information to determine this company's cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from financing activities 2 of

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting And Reporting

Authors: Barry Elliott, Jamie Elliott

20th Edition

1292399805, 978-1292399805

More Books

Students also viewed these Accounting questions

Question

=+ Who has this information?

Answered: 1 week ago

Question

=+ How can this information be obtained from them?

Answered: 1 week ago

Question

=+3. Who is responsible for this project?

Answered: 1 week ago