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Use the information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) a. Equipment with a
Use the information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
a. Equipment with a book value of $81,500 and an original cost of $161,000 was sold at a loss of $33,000. b. Paid $109,000 cash for a new truck. c. Sold land costing $310,000 for $410,000 cash, yielding a gain of $100,000 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 0 Step by Step Solution
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