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…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter12: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12.23MCE

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a. Equipment with a book value of $82,500 and an original cost of $164,000 was sold at a loss of $35,000. b. Paid $109,000 cash for a new truck. c. Sold land costing $330,000 for $415,000 cash, yielding a gain of $85,000. d. Stock investments were sold for $90,700 cash, yielding a gain of $15,500. 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
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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Equipment with a book value of $78,500 and an original cost of $167,000 was sold at a loss of $34,000. Paid $103,000 cash for a new truck. Sold land costing $320,000 for $410,000 cash, yielding a gain of $90,000. Long-term investments in stock were sold for $95,600 cash, yielding 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 of Cash Flows (partial) Cash flows from investing activities
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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).
Macey Co. exchanged a piece of equipment that had cost $40,000 (now 75% depreciated) for a truck with a current appraised value of $15,000. Macey Co. gave the other company the piece of equipment and $8,000. Macey Co. should record a. a $3,000 lossb. the truck at $18,000c. a gain of $11,000d. the truck at $23,000
(a) The entity sold some tangible non-current assets, which had a net book value of $200 million. The cost of sales figure includes a loss of $10 million on this disposal. (b) Cost of sales is arrived at after charging depreciation on the tangible non-current assets of $42 million. (c) Dividends paid during the year were $55,000. Find cashflow from investing activities
27. Help me selecting the right answer. Thank you
An asset which costs $25,000 and has accumulated depreciation of $6,000 is sold for $11,000. What amount of gain or loss will be recognized when the asset is sold? a. A gain of $14,000 b. A loss of $14,000 c. A gain of $8,000 d. A loss of $8,000
1. Four years ago ABB purchased an asset for $300,000 with an estimated salvage of $60,000. Depreciation was $60,000 per year. The following annual gross incomes and expenses were recorded. The asset was sold for $60,000 after 4 years. (a) Tabulate the cash flows by hand after an effective 32% tax rate is applied. Use the format of Table 17–3. (b) Continue the table above and calculate the net income (NI) estimates. Year of ownership 1 2 3 4 $ 80,000 - 20,000 150,000 -40,000 100,000 -50,000 Gross income, 120,000 -30,000 Expenses, $

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