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QUESTION 14 Use the following company information to calculate net cash provided or used by investing activities: (1) Equipment with a book value of
QUESTION 14 Use the following company information to calculate net cash provided or used by investing activities: (1) Equipment with a book value of $87,500 and an original cost of $150.000 was sold at a loss of $8.500. (2) Paid $31,000 cash for a new truck. (3) Sold land costing $16,000 for $18.000 cash, realizing a $2.000 gain. (4) Purchased treasury stock for $30.500 cash. (5) Long-term investments in stock are sold for $20.500 cash realizing a gain of $1,750. A $56,000 cash provided by investing activities.
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