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Exercise 12-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $80,500 and an original cost of $170,000 was
Exercise 12-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $80,500 and an original cost of $170,000 was sold at a loss of $35,000. b. Paid $115,000 cash for a new truck. c. Sold land costing $315,000 for $410,000 cash, yielding a gain of $95,000. d. Stock investments were sold for $93,500 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.)
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