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Exercise 1 2 - 9 ( Algo ) Cash flows from investing activities LO P 3 a . Equipment with a book value of $

Exercise 12-9(Algo) Cash flows from investing activities LO P3
a. Equipment with a book value of $78,500 and an original cost of $164,000 was sold at a loss of $35,000.
b. Paid $112,000 cash for a new truck.
c. Sold land costing $325,000 for $420,000 cash, yielding a gain of $95,000.
d. Stock investments were sold for $93,500 cash, yielding a gain of $17,000.
Use the above information to determine cash flows from investing activities.
Note: Amounts to be deducted should be indicated with a minus sign.
StatementofCashFlows(partial)?Cashflowsfrominvestingactivities?????????????Exercise 12-9(Algo) Cash flows from investing activities LO P3
Equipment with a book value of $78,500 and an original cost of $164,000 was sold at a loss of $35,000.
Paid $112,000 cash for a new truck.
Sold land costing $325,000 for $420,000 cash, yielding a gain of $95,000.
Stock investments were sold for $93,500 cash, yielding a gain of $17,000.
Use the above information to determine cash flows from investing activities.
Note: Amounts to be deducted should be indicated with a minus sign.
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