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USE THE FOLLOWING INFORMATION FOR #20 - : Net income = $263,000 Current year end is 12/31/X7 Comparative balance sheet Additional Information: Land was purchased
USE THE FOLLOWING INFORMATION FOR \#20 - : Net income = $263,000 Current year end is 12/31/X7 Comparative balance sheet Additional Information: Land was purchased for cash. Sold Equipment for $71.000 Original cost of equipment $65,000 Accumulated depreciation on equipment at BEGINNING of year i $22.000 Current year depreciation expense on the equiprnent prior to sale $30.000 Q20: Compute net cash flow from operating activities. 1. Input an amount. 2. Do not use dollar signs, commas or decimals. 3. Do NOT use negative numbers. Compute cash flows from investing activities. 1. Input an amount. 2. Do not use dollar signs, commas or decimals. 3. Do NOT use negative numbers. Q24: Compute net cash flows from financing activities. 1. Input an amount. 2. Do not use dollar signs, commas or decimals. 3. Do NOT use negative numbers
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