Exercise 12-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $81,500 and an original cost of $164,000 was sold at a loss of $33,000. b. Paid $112,000 cash for a new truck. c. Sold land costing $315,000 for $405,000 cash, yielding a gain of $90,000. d. Stock investments were sold for $90,700 cash, yielding a gain of $17,000. Use the above information to determine cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Cash flows from investing activities
Exercise 12-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $81,500 and an original cost of $164,000 was sold at a loss of $33,000. b. Paid $112,000 cash for a new truck. c. Sold land costing $315,000 for $405,000 cash, yielding a gain of $90,000. d. Stock investments were sold for $90,700 cash, yielding a gain of $17,000. Use the above information to determine cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Cash flows from investing activities
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Exercise 12-9 (Algo) Cash flows from investing activities LO P3
a. Equipment with a book value of $81,500 and an original cost of $164,000 was sold at a loss of $33,000.
b. Paid $112,000 cash for a new truck.
c. Sold land costing $315,000 for $405,000 cash, yielding a gain of $90,000.
d. Stock investments were sold for $90,700 cash, yielding a gain of $17,000.
Use the above information to determine cash flows from investing activities.
Note: Amounts to be deducted should be indicated with a minus sign.
Statement of Cash Flows (partial)
Cash flows from investing activities
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