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help Exercise 16-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $79,500 and an original cost of $162,000
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Exercise 16-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $79,500 and an original cost of $162,000 was sold at a loss of $31,000. b. Paid $112,000 cash for a new truck. c. Sold land costing $325,000 for $410,000 cash, yielding a gain of $85,000. d. Stock investments were sold for $92,800 cash, yielding a gain of $14,000. Use the above information to determine cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign Step by Step Solution
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