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Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $78,500 and an original cost of $162,000 was sold
Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $78,500 and an original cost of $162,000 was sold at a loss of $35,000. b. Paid $109,000 cash for a new truck. c. Sold land costing $320,000 for $430,000 cash, yielding a gain of $110,000. d. Long-term investments in stock were sold for $93,500 cash, yielding a gain of $16,250. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) tatement of Cas Flows (partial) Cash flows from investing activities
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