a. Equipment with a book value of $84,000 and an original cost of $164,000 was sold at a loss of $36,000. b. Paid $112,000 cash for a new truck. c. Sold land costing $330,000 for $425,000 cash, yielding a gain of $95,000. d. Stock investments were sold for $91,400 cash, yielding a gain of $16,250. 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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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a. Equipment with a book value of $84,000 and an original cost of $164,000 was sold at a loss of $36,000.
b. Paid $112,000 cash for a new truck.
c. Sold land costing $330,000 for $425,000 cash, yielding a gain of $95,000.
d. Stock investments were sold for $91,400 cash, yielding a gain of $16,250.
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
Transcribed Image Text:a. Equipment with a book value of $84,000 and an original cost of $164,000 was sold at a loss of $36,000. b. Paid $112,000 cash for a new truck. c. Sold land costing $330,000 for $425,000 cash, yielding a gain of $95,000. d. Stock investments were sold for $91,400 cash, yielding a gain of $16,250. 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
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