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The Winston Corporation reported the following information: January 1 December 1 Equipment $68,000 $114,500 Accumulated Depreciation 19,500 21,800 Investments (long-term) 76,000 47,000 In addition, Winston
The Winston Corporation reported the following information:
January 1 | December 1 | |
Equipment | $68,000 | $114,500 |
Accumulated Depreciation | 19,500 | 21,800 |
Investments (long-term) | 76,000 | 47,000 |
In addition, Winston sold equipment costing $12,500 with accumulated depreciation of $9,000 for $6,500. Winston also reported a $5,000 loss on the sale of long-term investments.
Compute net cash flow from investing activities.
Cash Flow from Investing Activities | |
Purchased Equipment | $_______ |
Proceeds from Sale of Equipment | $_______ |
Proceeds from Sale of Investments | $_______ |
Net Cash Flow from Investing Activities | $_______ |
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