a. Equipment with a book value of $82,000 and an original cost of $165,000 was sold at a loss of $35,000.b. Paid $103,000 cash for a new truck.c. Sold land costing $320,000 for $420,000 cash, yielding a gain of $100,000.d. Stock investments were sold for $94,900 cash, yielding a gain of $17,000.Use the above information to determine cash flows from investing activities.Note: Amounts to be deducted should be indicated with a minus sign.Statement of Cash Flows (partial)Cash flows from investing activities

Based on the provided information, the cash flows from investing activities can be calculated as…

Answered: a. Equipment with a book value of…

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 14M

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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. Stock investments were sold for $60,800 cash, yielding a gain of $4,150. Use the above information to determine cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Cash flows from investing activities Cash paid for new truck Cash received from the sale of equipment Cash received from the sale of land Cash received from the sale of stock investments
a. Equipment with a book value of $81,000 and an original cost of $167,000 was sold at a loss of $37,000. b. Paid $115,000 cash for a new truck. c. Sold land costing $325,000 for $415,000 cash, yielding a gain of $90,000. d. Stock investments were sold for $97,000 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.) Statement of Cash Flows (partial) Cash flows from investing activities B F8 수 F9 4 F10 Co
A. Sold land costing $315,000 for $400,000 cash, yielding a gain of $85,000. B. Paid $106,000 cash for a new truck. C. Equipment with a book value of $80,500 and an original cost of $165,000 was sold at a loss of $34,000. D. Long-term investments in stock were sold for $94,700 cash, yielding a gain of $15,750. Use the above information to determine this company's cash flows from investing activities.
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Assume a company did not purchase any equipment during the year, but it did sell a piece of equipment that had an original cost of $500,000 and accumulated depreciation of $300,000. The gain on the sale was $25,000. Based solely on the information provided, the company’s net cash provided by (used in) investing activities would be: Multiple Choice $200,000. $225,000. $250,000. $275,000.
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Phelm Corporation sold a piece of equipment for cash and recognized a gain of $5,000. The original cost was $34,000 and the accumulated depreciation just prior to the sale totaled $19,000. What amount will appear in the investing activities section of the statement of cash flows? $20,000 $54,000 $10,000 $15,000
Assume a company sold a piece of equipment that had an original cost of $500,000 and accumulated depreciation of $300,000. The gain on the sale was $15,000. In addition, the beginning and ending balances in the company’s Property, Plant, and Equipment account were $4,700,000 and $4,600,000, respectively. Based solely on the information provided, the company’s net cash provided by (used in) investing activities would be: Multiple Choice $(115,000). $(200,000). $(170,000). $(185,000).

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