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needing to see if the $52500 for cash received for sale of equipment is the correct calculation! Exercise 12-9 (Algo) Cash flows from investing activities
needing to see if the $52500 for cash received for sale of equipment is the correct calculation!
Exercise 12-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with book value of $83,600 and an original cost of $164,000 was sold at a loss of $34,000 b. Paid $115,000 cash for a new truck. c. Sold land costing $320,000 for $405,000 cash, ylelding a gain of $85,000. d. Stock irivestments were sold for $97,700 cash, yelding a gain of $15,500. Use the above information to determine cash flows from investing aclivilies. (Amounts to be deducted should be indicoted with o minus sign.) Step by Step Solution
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