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Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: Jan. 1 Dec. 31 Equipment $32,000 $46,000 Accumulated depreciation 12,500 15,900 Investment
Determining Net Cash Flow from Investing Activities
Orlando Inc. reported the following information:
Jan. 1
Dec. 31
Equipment
$32,000
$46,000
Accumulated depreciation
12,500
15,900
Investment (long-term)
50,000
38,000
In addition, Orlando sold equipment costing $15,400 with accumulated depreciation of $10,010 for $6,250. Orlando also reported a $1,000 gain on the sale of long-term investments.
Required:
Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows).
Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: Equipment Accumulated depreciation Investment (long-term) Jan. 1 Dec. 31 $32,000 $46,000 12,500 15,900 50,000 38,000 In addition, Orlando sold equipment costing $15,400 with accumulated depreciation of $10,010 for $6,250. Orlando also reported a $1,000 gain on the sale of long-term investments. Required: Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows). X
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