Equipment with a book value of $82,500 and an original cost of $163,000 was sold at...
- Equipment with a book value of $82,500 and an original cost of $163,000 was sold at a loss of $33,000.
- Paid $112,000 cash for a new truck.
- Sold land costing $325,000 for $415,000 cash, yielding a gain of $90,000.
- Long-term investments in stock were sold for $91,400 cash, yielding a gain of $15,500.
Use the above information to determine cash flows from investing
activities. (Amounts to be deducted should be indicated
with a minus sign.)
Homework Answers
| Cash flow from investing activities | |
| Sale of equipment (82500-33000) | 49500 |
| Purchase of new truck | -112000 |
| Sale of land | 415000 |
| Sale of long term investment | 91400 |
| Net cash flow from investing activities | 443900 |
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Equipment with a book value of $82,500 and an original cost of
$163,000 was sold at...
Equipment with a book value of $80,500 and an original cost of $163,000 was sold at...
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Exercise 12-7 Cash flows from investing activities LO P3 Equipment with a book value of $80,000...
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a. Equipment with a book value of $81,000 and an original cost of $164,000 was sold at a loss of $36,000. b. Paid $109,000 cash for a new truck. c. Sold land costing $325,000 for $425,000 cash, yielding a gain of $100,000. d. Long-term investments in stock were sold for $91,400 cash, yielding a gain of $16,250. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus...
Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $82,500 and an original cost of $167,000 was sold at a loss of $33,000. b. Paid $106,000 cash for a new truck. c. Sold land costing $310,000 for $430,000 cash, yielding a gain of $120,000. d. Long-term investments in stock were sold for $91,400 cash, yielding again of $15,500 Use the above information to determine cash flows from investing activities. (Amounts to be deducted...
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a. Equipment with a book value of $81,000 and an original cost of $167,000 was sold at a loss of $30,000. b. Paid $100,000 cash for a new truck. c. Sold land costing $320,000 for $405,000 cash, yielding a gain of $85,000. d. Long-term investments in stock were sold for $94,200 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...
a. Equipment with a book value of $78,000 and an original cost of $160,000 was sold at a loss of $35,00. b. Paid $103,000 cash for a new truck. c Sold land costing $320,000 for $425,000 cash, yielding a gain of $105,000. 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 a minus sign.) Statoment...
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