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HW-Chapter 12 0 2 Required information IThe following information applies to the questions displayed below] Part 1 of 5 The following accounts Company's 2017 and
HW-Chapter 12 0 2 Required information IThe following information applies to the questions displayed below] Part 1 of 5 The following accounts Company's 2017 and 2016 year-end balance sheets and corresponding balances were drawn from Delsey points Investment S 110,000 $ 116,500 securities eBook Machinery Land 486,000 437000 160,000 100,000 Hint Print Other information drawn from the accounting records Delsey incurred a $6,000 loss on the sale of investment securities during 2017 2. Old machinery with a book value of $8,000 (cost of $36.000 minus accumulated depreciation of $28,000) was sold. The income statement showed a gain on the sale of machinery of $4,500. 3 Delsey did not sell land during the year. Required a. Compute the amount of cash flow associated with the sale of investment securities. ount of cash flow
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