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Use the above information to determine cash flows from investing activities. a. Equipment with a book value of $79,500 and an original cost of $162,000
Use the above information to determine cash flows from investing activities.
a. Equipment with a book value of $79,500 and an original cost of $162,000 was sold at a loss of $37,000. b. Paid $100,000 cash for a new truck. c. Sold land costing $330,000 for $425,000 cash, yielding a gain of $95,000. d. Long-term investments in stock were sold for $97,000 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 a minus sign.) Statement of Cash Flows (partial) Cash flows from investing activities Net cash provided by Tinancing activities Net cash provided by investing activities Net cash provided by operating activities Net cash used in financing activities Net cash used in investing activities Net cash used in operating activitiesStep by Step Solution
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