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Reporting Cash flows #3 a. Equipment with a book value of $78,500 and an original cost of $166,000 was sold at a loss of $36,000.
Reporting Cash flows #3
a. Equipment with a book value of $78,500 and an original cost of $166,000 was sold at a loss of $36,000. b. Paid $100,000 cash for a new truck. c. Sold land costing $315,000 for $420,000 cash, yielding a gain of $105,000. d. Stock investments were sold for $92,800 cash, ylelding a gain of $15,500. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)Step by Step Solution
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