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Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $80,500 and an original cost of $161,000 was sold
Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $80,500 and an original cost of $161,000 was sold at a loss of $36,000. b. Paid $109,000 cash for a new truck. c. Sold land costing $320,000 for $425,000 cash, yielding a gain of $105,000. d. Long-term investments in stock were sold for $95,600 cash, yielding a gain of $15,500. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from investing activities
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