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Omemee Company had the following transactions during the year. Using this information, calculate cash flows from investing activities. $0 $530,000 $150,000 $380,000 Phosphoric Company reported
Omemee Company had the following transactions during the year. Using this information, calculate cash flows from investing activities. $0 $530,000 $150,000 $380,000 Phosphoric Company reported capital assets, net of accumulated depreciation, on January 1,2020 , at $645,000 and $732,500 on December 31,2020 . The income statement showed depreciation of $48,300 and a $5,600 loss on sale of capital assets. Phosphoric Company acquired $213,000 of capital assets during the year. The company also sold assets for cash during the year. The proceeds from the sale of assets that would appear in the investing section of the cash flow is: Hint-ensure that you first calculate the net book value of the assets sold; then consider how you could determine the proceeds. $125,500$89,900$71,600$77,200
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