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Exercise 12-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $83,500 and an original cost of $163,000
Exercise 12-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $83,500 and an original cost of $163,000 was sold at a loss of $31,000. b. Paid $106,000 cash for a new truck. c. Sold land costing $325,000 for $405,000 cash, yielding a gain of $80,000. d. Stock investments were sold for $92,100 cash, yielding a gain of $14,750. 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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