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Exercise 12-8 Cash flows from investing activities LO P3 Es a. Equipment with a book value of $84,000 and an original cost of $162,000 was
Exercise 12-8 Cash flows from investing activities LO P3 Es a. Equipment with a book value of $84,000 and an original cost of $162,000 was sold at a loss of $34,000 b. Paid $115,000 cash for a new truck c Sold land costing $325,000 for $420,000 cash, yielding a gain of $95.000 d. Long-term investments in stock were sold for $95,600 cash, yielding a gain of $14,750. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with minus sign.) Book Statement of Cash Flows partial) Cash flows from investing activities rences
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