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During 2017, Swifty Corporation sold equipment with a book value of $72000 for proceeds of $ 87000. The company purchased new equipment for $ 192000
During 2017, Swifty Corporation sold equipment with a book value of $72000 for proceeds of $ 87000. The company purchased new equipment for $ 192000 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2017. The investing section of the statement of cash flows will report net cash inflows of $ 87000. net cash outflows of $ 177000. net cash outflows of $105000. net cash inflows of $15000. (
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