Question
Cullumber Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 Long-term investments $150 $85 Land 210 210 Buildings 320 320
Cullumber Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 Long-term investments $150 $85 Land 210 210 Buildings 320 320 Accumulated depreciation-buildings 100 75 Equipment 560 370 Accumulated depreciation-equipment 300 300 Additional information: 1. The company purchased long-term investments during the year; none were sold. 2. The company purchased equipment during the year and sold some equipment that cost $190 and had a carrying amount of $70 for a gain of $20. Prepare the investing activities section of Cullumber's statement of cash flows for the year. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) CULLUMBER CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Investing activities eTextbook and Media Save for Later $ $ Attempts: 0 of 3 used Submit Answer
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