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Exercise 12-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $81,500 and an orlginal cost of $165,000 was
Exercise 12-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $81,500 and an orlginal cost of $165,000 was sold at a loss of $34,000. b. Pald $103,000 cash for a new truck. c. Sold land costing $320,000 for $420,000 cash, ylelding a galn of $100,000. d. Stock Investments were sold for $94,900 cash, ylelding a gain of $16,250. Use the above Information to determine cash flows from Investing activitles. Note: Amounts to be deducted should be Indlcated with a minus sign
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