Book value of machine = $45
Gain on sale of machine = $7
Cash flow from sale from sale of equipment = $45 + $7 = $52
Option d. Addition of $52
The Carival Company sold a machine with a book value of $45 and original cost of...
a. Equipment with a book value of $83,500 and an original cost of $165,000 was sold at a loss of $34,000. b. Pald $103,000 cash for a new truck. c. Sold land costing $315,000 for $410,000 cash, ylelding a gain of $95,000. d. Long-term Investments in stock were sold for $90,000 cash, ylelding a gain of $16,250. 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 $65,300 and an original cost of $133,000 was sold at a loss of $14,000. b. Paid $89,000 cash for a new truck. c. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000. d. Long-term investments in stock were sold for $60,800 cash, yielding a gain of $4,150. 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 $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...
Equipment with a book value of $81,500 and an original cost of $167,000 was sold at a loss of $32,000. Paid $103,000 cash for a new truck. Sold land costing $320,000 for $415,000 cash, yielding a gain of $95,000. Long-term investments in stock were sold for $95,600 cash, yielding a gain of $14,750. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from...
a. Equipment with a book value of $81,000 and an original cost of $169,000 was sold at a loss of $33,000. b. Paid $112,000 cash for a new truck. c. Sold land costing $320,000 for $400,000 cash, yielding a gain of $80,000. d. Long-term investments in stock were sold for $95,600 cash, yielding a gain of $14,000. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus...
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...
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.)
Equipment with a book value of $80,500 and an original cost of $163,000 was sold at a loss of $34,000. Paid $106,000 cash for a new truck. Sold land costing $315,000 for $420,000 cash, yielding a gain of $105,000. Long-term investments in stock were sold for $92,100 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 sign.)
Mays Company sold a machine for $10,000 cash. The machine originally cost $65,000 and the company had recognized $53,000 in depreciation over the life of the machine. What is the effect of this sale on Mays Company's income statement and its statement of cash flows? Multiple Choice $2,000 loss on the income statement; $10,000 cash outflow from operating activities $2,000 loss on the income statement; $10,000 cash inflow from investing activities $55,000 loss on the income statement; $10,000 cash inflow...
o. Equipment with a book value of $83,500 and an original cost of $162.,000 was sold at a loss of $35.000. b. Paid $109.000 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 $92.100 cash, yielding a gain of $17.000. Sxipped Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be Indicated with a...