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reuploading because last time it was wrong. Required Information [The following Information applies to the questions displayed below.] The following accounts and corresponding balances were
reuploading because last time it was wrong.
Required Information [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 $1,440 loss on the sale of Investment securitles during Year 2. 2. Old machinery with a book value of $4,980 (cost of $25,400 minus accumulated depreciation of $20,420 ) was sold. The Income statement showed a gain on the sale of machinery of $4,880. 3. Delsey did not sell land during the year. Required a. Compute the amount of cash flow assoclated with the sale of Investment securlties. b. Compute the amount of cash flow assoclated with the purchase of machinery. c. Compute the amount of cash flow assoclated with the sale of machinery. d. Compute the amount of cash flow assoclated with the purchase of land. e. Prepare the Investing actlvitles section of the statement of cash flows. (Cash outflows should be Indicated with a minus sign.)Step by Step Solution
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