. Equipment with a book value of $81,500 and an original cost of $164,000 was sold at a loss of $32,000. . Paid $112,000 cash for a new truck. E. Sold land costing $320,000 for $420,000 cash, yielding a gain of $100,000. 1. Long-term investments in stock were sold for $90,000 cash, yielding a gain of $17,000. se 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 (nartial
. Equipment with a book value of $81,500 and an original cost of $164,000 was sold at a loss of $32,000. . Paid $112,000 cash for a new truck. E. Sold land costing $320,000 for $420,000 cash, yielding a gain of $100,000. 1. Long-term investments in stock were sold for $90,000 cash, yielding a gain of $17,000. se 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 (nartial
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:a. Equipment with a book value of $81,500 and an original cost of $164,000 was sold at a loss of $32,000.
b. Paid $112,000 cash for a new truck.
c. Sold land costing $320,000 for $420,000 cash, yielding a gain of $100,000.
d. Long-term investments in stock were sold for $90,000 cash, yielding a gain of $17,000.
Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a
minus sign.)
ook
Statement of Cash Flows (partial)
int
Cash flows from investing activities
int
ences
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