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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
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: Other information drawn from the accounting records: 1. Delsey incurred a $1,370 loss on the sale of investment securities during Year 2 . 2. Old machinery with a book value of $4,270 (cost of $25,240 minus accumulated depreciation of $20,970 ) was sold. The income statement showed a gain on the sale of machinery of $4,450. 3. Delsey did not sell land during the year. xercise 12-10A (Algo) Part e Prepare the investing activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus gn.)
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