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Cornerstone Exercise 11-20 (Algorithmic) Computing Net Cash flow from Investing Activities Davis Inc. reported the following information for equipment: In addition, Davis sold equipment costing
Cornerstone Exercise 11-20 (Algorithmic) Computing Net Cash flow from Investing Activities Davis Inc. reported the following information for equipment: In addition, Davis sold equipment costing $12,500 with accumulated depreciation of $9,550 for $2,060 cash, producing a $890 loss. Davis reported net income for 2011 of $122,350. Compute net cash flow from investing activities. Enter a negative cash flow as a negative number. $
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