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Determine the amount of cash flow for rhe ourchase of investment securities during Year 2. Required information (The following information appties to the questions dispiayed
Determine the amount of cash flow for rhe ourchase of investment securities during Year 2. Required information (The following information appties to the questions dispiayed bevow) The following information was drawn from the year-end balance sheets of Mass Trading Compary. Additional information regarding transactions occurring during Year 2 : 1. investment securities that had cost $5,520 were sold. The Year 2 income statement contained a loss on the sale of investment securties of $420 2. Equipment with a cost of $46,500 was purchased. 3. The income statement showed a gain on the sale of equipment of $6,100. On the date of sale, accumulated depreciation on the equipment sold amounted to $6,600. 4. A building that had originally cost $175,500 was demolished. 5. Land that had cost $25,600 was sold for $21,500. b. Determine the amount of cash fow from the sale of investment securities during Year 2
Determine the amount of cash flow for rhe ourchase of investment securities during Year 2.
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