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Exercise 12-7 Cash flows from investing activities LO P3 a. Equipment with a book value of $83,500 and an original cost of $164,000 was sold
Exercise 12-7 Cash flows from investing activities LO P3 a. Equipment with a book value of $83,500 and an original cost of $164,000 was sold at a loss of $32,000 b. Paid $106,000 cash for a new truck. c. Sold land costing $325,000 for $410,000 cash, yielding a gain of $85,000. d. Long-term investments in stock were sold for $94,900 cash, yielding a gain of $14,000. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from investing activities
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