Cullumber Corporation reported the following information (in thousands) at December 31, 2024:20242023Long-term investments$200$95Land290290Buildings330330Accumulated depreciation-buildings12075Equipment520390Accumulated depreciation-equipment300300Additional information:1. The company purchased long-term investments during the year; none were sold.2.The company purchased equipment during the year and sold some equipment that cost $200 and had a carrying amount of$80 for a gain of $30.Prepare the investing activities section of Cullumber's statement of cash flows for the year. (Show amounts that decrease cash flow witheither a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Enter amounts in thousands.)

The statement of cash flow is one of the financial statements which shows the sources of cash inflow…

Corporation reported the following information (in thousands) at December 31, 202 2024 2023 Long-term investments $200 $95 Land 290 290 Buildings 330 330 Accumulated depreciation-buildings 120 75 Equipment 520 390 Accumulated depreciation-equipment 300 300 Additional information: 1. 2. The company purchased long-term investments during the year; none were sold. The company purchased equipment during the year and sold some equipment that cost $200 and had a carrying amount $80 for a gain of $30. Prepare the investing activities section of Cullumber's statement of cash flows for the year. (Show amounts that decrease cash flow either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Enter amounts in thousands.)

Corporation reported the following information (in thousands) at December 31, 202 2024 2023 Long-term investments $200 $95 Land 290 290 Buildings 330 330 Accumulated depreciation-buildings 120 75 Equipment 520 390 Accumulated depreciation-equipment 300 300 Additional information: 1. 2. The company purchased long-term investments during the year; none were sold. The company purchased equipment during the year and sold some equipment that cost $200 and had a carrying amount $80 for a gain of $30. Prepare the investing activities section of Cullumber's statement of cash flows for the year. (Show amounts that decrease cash flow either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Enter amounts in thousands.)

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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