During 2022, Pharoah Company sold a building with a book value of $153,500 for proceeds of $183,500. The company also sold long- term investments for proceeds of $40,500. The company purchased land and a new building for $328,500 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2022. Compute net cash flows from investing activities. Net cash flows from investing $

During 2022, Pharoah Company sold a building with a book value of $153,500 for proceeds of $183,500. The company also sold long- term investments for proceeds of $40,500. The company purchased land and a new building for $328,500 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2022. Compute net cash flows from investing activities. Net cash flows from investing $

Name: Subject:accounting During 2022, Pharoah Company sold a building with a
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Description: Subject:accounting During 2022, Pharoah Company sold a building with a book value of $153,500 for proceeds of $183,500. The company also sold long-term investments for proceeds of $40,500. The company purchased land and a new building for $328,500 by

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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