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Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: 12/31/2019 12/31/2018 Furniture $46,000 $32,000 Accumulated depreciation Investment (long-term) 15,900 38,000 12,500 50,000 In addition, Orlando sold furniture costing $10,100 with accumulated depreciation of $5,555 for $5,270. Orlando also reported a $900 gain on the sale of long-term investments. Required: Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows). X

Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: 12/31/2019 12/31/2018 Furniture $46,000 $32,000 Accumulated depreciation Investment (long-term) 15,900 38,000 12,500 50,000 In addition, Orlando sold furniture costing $10,100 with accumulated depreciation of $5,555 for $5,270. Orlando also reported a $900 gain on the sale of long-term investments. Required: Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows). X

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: 12/31/2019 12/31/2018 Furniture $46,000 $32,000 Accumulated depreciation Investment (long-term) 15,900 38,000 12,500 50,000 In addition, Orlando sold furniture costing $10,100 with accumulated depreciation of $5,555 for $5,270. Orlando also reported a $900 gain on the sale of long-term investments. Required: Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows). X
Transcribed Image Text:Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: 12/31/2019 12/31/2018 Furniture $46,000 $32,000 Accumulated depreciation Investment (long-term) 15,900 38,000 12,500 50,000 In addition, Orlando sold furniture costing $10,100 with accumulated depreciation of $5,555 for $5,270. Orlando also reported a $900 gain on the sale of long-term investments. Required: Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows). X
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