Required information Exercise 12-10A (Algo) Determining cash flows from investing activities LO 12-3 [The following information...
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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 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 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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