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Exercise 1 2 - 1 0 A ( Algo ) Determining cash flows from investing activities LO 1 2 - 3 [ The following information
Exercise A Algo Determining cash flows from investing activities LO
The following information applies to the questions displayed below.
The following accounts and corresponding balances were drawn from Delsey Company's Year and Year yearend
balance sheets:
Other information drawn from the accounting records:
Delsey incurred a $ loss on the sale of investment securities during Year
Old machinery with a book value of $cost of $ minus accumulated depreciation of $ was sold.
The income statement showed a gain on the sale of machinery of $
Delsey did not sell land during the year.
Exercise A Algo Part e
e Prepare the investing activities section of the statement of cash flows.
Note: Amounts to be deducted should be indicated with a minus sign.
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