Equipment with a book value of $78,500 and an original cost of $167,000 was sold at a loss of $36,000. Paid $118,000 cash for a new truck. Sold land costing $320,000 for $410,000 cash, yielding a gain of $ 90,000. Stock investments were sold for $96,300 cash, yielding a gain of $14,750. Use the above information to determine cash flows from investing activities.

Equipment with a book value of $78,500 and an original cost of $167,000 was sold at a loss of $36,000. Paid $118,000 cash for a new truck. Sold land costing $320,000 for $410,000 cash, yielding a gain of $ 90,000. Stock investments were sold for $96,300 cash, yielding a gain of $14,750. Use the above information to determine cash flows from investing activities.

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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