Question
Use the information to determine cash flows from investing activities a. Equipment with a book value of $78,000 and an original cost of $163,000 was
a. Equipment with a book value of $78,000 and an original cost of $163,000 was sold at a loss of $35,000 b. Paid $103,000 cash for a new truck. c. Sold land costing $315,000 for $410,000 cash, yielding a gain of $95,000. d. Stock investments were sold for $92,100 cash, yielding a gain of $14,750.
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
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