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Equipment with a book value of $79,500 and an original cost of $165,000 was sold at a loss of $33,000. Paid $100,000 cash for a
- Equipment with a book value of $79,500 and an original cost of $165,000 was sold at a loss of $33,000.
- Paid $100,000 cash for a new truck.
- Sold land costing $310,000 for $415,000 cash, yielding a gain of $105,000.
- Stock investments were sold for $91,400 cash, yielding a gain of $14,000.
Use the above information to determine cash flows from investing activities.
Note: Amounts to be deducted should be indicated with a minus sign.
Statement of Cash Flows (partial) Cash flows from investing activitiesStep by Step Solution
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