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Exercise 12-8 Cash flows from investing activities LO P3 Equipment with a book value of $79,000 and an original cost of $163,000 was sold at
Exercise 12-8 Cash flows from investing activities LO P3
- Equipment with a book value of $79,000 and an original cost of $163,000 was sold at a loss of $34,000.
- Paid $118,000 cash for a new truck.
- Sold land costing $325,000 for $415,000 cash, yielding a gain of $90,000.
- Long-term investments in stock were sold for $97,000 cash, yielding a gain of $17,000.
Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
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