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Required information Exercise 12-10A Determining cash flows from investing activities LO 12-3 [The following information applies to the questions displayed below.) The following accounts and
Required information Exercise 12-10A 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: hccount Title Investment securities Machinery Year 2 Year 1 $104,700 $115,400 521.000 425.500 141,100 90, 600 Other information drawn from the accounting records: 1. Delsey incurred a $1,050 loss on the sale of investment securities during Year 2 2. Old machinery with a book value of $4,010 (cost of $25,460 minus accumulated depreciation of $21.450) was sold. The income statement showed a gain on the sale of machinery of $4,100 3. Delsey did not sell land during the year. Exercise 12-10A Part c. Compute the amount of cash flow associated with the sale of machinery Amount of cash flow
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