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Required information Exercise 12-10A (Algo) Determining cash flows from investing activities LO 12-3 [The following information applies to the questions displayed below.] The following
Required information Exercise 12-10A (Algo) Determining cash flows from investing activities LO 12-3 [The following information applies to the questions displayed below.] The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year-end balance sheets. Account Title Investment securities Machinery Land Year 2 $103,900 Year 1 $115,300 524,300 146,000 Other information drawn from the accounting records: 426,200 91,800 1. Delsey incurred a $1,380 loss on the sale of investment securities during Year 2. 2. Old machinery with a book value of $4,240 (cost of $25,050 minus accumulated depreciation of $20,810) was sold. The income statement showed a gain on the sale of machinery of $4,490. 3. Delsey did not sell land during the year. Required a. Compute the amount of cash flow associated with the sale of investment securities. Amount of cash flow
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