Determining Net Cash Flow from Investing Activities Davis Inc. reported the following information: 12/31/2019 12/31/2018 Equipment $160,000 $115,000 Accumulated depreciation (85,000) (59,000) Investment (long-term) 18,610
Determining Net Cash Flow from Investing Activities Davis Inc. reported the following information:
12/31/2019 12/31/2018
Equipment $160,000 $115,000
Accumulated depreciation (85,000) (59,000)
Investment (long-term) 18,610 10,000
In addition, Davis sold equipment costing $12,500 with accumulated depreciation of $8,950 for $2,330 cash, producing a $1,220 loss. Davis reported net income for 2019 of $122,350. Required: Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows).
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Authors: David Alexander, Prof Christopher Nobes, Chris W. Nobes
4th Edition
027372164X, 978-0273721642
