CengageNOWv2 |0 X Mail - West, Grace K X M Your Accounting ans X b Ask a Question | bart X + Home .com/ilrm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false D) eBook Calculator 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 15,900 12,500 Investment (long-term) 38,000 50,000 In addition, Orlando sold furniture costing $29,400 with accumulated depreciation of $16,170 for $15,350. Orlando also reported a $1,100 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). Feedback Check My Work Set up T-accounts to determine activity in the furniture account. Recreate the journal entry to determine the cash flow related to the long-term investment ac 6:22 PM >) 4/29/2020 DELL PrtScr Insert Home "R End Dele F3 F4 F5 F6 F8 F9 F10 F11 F12 %23 & ). Back { %3D G K B PgUp ン 0 Σ * 00 く0 ト F. सी ।
CengageNOWv2 |0 X Mail - West, Grace K X M Your Accounting ans X b Ask a Question | bart X + Home .com/ilrm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false D) eBook Calculator 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 15,900 12,500 Investment (long-term) 38,000 50,000 In addition, Orlando sold furniture costing $29,400 with accumulated depreciation of $16,170 for $15,350. Orlando also reported a $1,100 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). Feedback Check My Work Set up T-accounts to determine activity in the furniture account. Recreate the journal entry to determine the cash flow related to the long-term investment ac 6:22 PM >) 4/29/2020 DELL PrtScr Insert Home "R End Dele F3 F4 F5 F6 F8 F9 F10 F11 F12 %23 & ). Back { %3D G K B PgUp ン 0 Σ * 00 く0 ト F. सी ।
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:CengageNOWv2 |0 X
Mail - West, Grace K X
M Your Accounting ans X b Ask a Question | bart X +
Home
.com/ilrm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false
D)
eBook
Calculator
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
15,900
12,500
Investment (long-term)
38,000
50,000
In addition, Orlando sold furniture costing $29,400 with accumulated depreciation of $16,170 for $15,350. Orlando also reported a $1,100
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).
Feedback
Check My Work
Set up T-accounts to determine activity in the furniture account. Recreate the journal entry to determine the cash flow related to the long-term investment ac
6:22 PM
>)
4/29/2020
DELL
PrtScr
Insert
Home
"R
End
Dele
F3
F4
F5
F6
F8
F9
F10
F11
F12
%23
&
).
Back
{
%3D
G
K
B
PgUp
ン 0
Σ
* 00
く0
ト
F.
सी ।
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