Cash Flows from Investing ActivitiesDuring the year, Hayashi, Inc. sold equipment with a book value of $125,000 for $175,000 (original purchase cost of $225,000). New equipment was purchased.Hayashi provided the following comparative balance sheets:Hayashi, Inc.Comparative Balance SheetsAt December 31, 20X1 and 20X2 20X120X2Long-Term Assets Plant and equipment$1,000,000 $1,025,000 Accumulated depreciation(500,000)(525,000)Land500,000 711,750 Required:Calculate the investing cash flows for the current year. Use a minus sign to indicate a cash outflow.$

Purchase of Plant and equipment = Ending balance of Plant and equipment + Purchase cost of Plant and…

Answered: During the year, Hayashi, Inc. sold…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

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Cash Flows from Investing Activities

During the year, Hayashi, Inc. sold equipment with a book value of $125,000 for $175,000 (original purchase cost of $225,000). New equipment was purchased.

Hayashi provided the following comparative balance sheets:

Hayashi, Inc. Comparative Balance Sheets At December 31, 20X1 and 20X2
	20X1	20X2
Long-Term Assets
Plant and equipment	$1,000,000	$1,025,000
Accumulated depreciation	(500,000)	(525,000)
Land	500,000	711,750

Required:

Calculate the investing cash flows for the current year. Use a minus sign to indicate a cash outflow.
$

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