During the year, Lin Company's equipment account increased from $77,800 to $94,300 as a result of selling old equipment for $2,200 that had cost $9,200 and a book value of $3,000, and from purchasing new equipment for cash. Prepare the investing activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a-sign (e.g., -15,000) or in parenthesis (e.g., (15,000).) Cash flows from investing activities: $

During the year, Lin Company's equipment account increased from $77,800 to $94,300 as a result of selling old equipment for $2,200 that had cost $9,200 and a book value of $3,000, and from purchasing new equipment for cash. Prepare the investing activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a-sign (e.g., -15,000) or in parenthesis (e.g., (15,000).) Cash flows from investing activities: $

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter1: Introduction To Business Activities And Overview Of Financial Statements And The Reporting Process

Section: Chapter Questions

Problem 37P

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