Exercise 12-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $80,000 and an original cost of $164,000 was sold at a loss of $33,000. b. Paid $103,000 cash for a new truck. c. Sold land costing $325,000 for $420,000 cash, yielding a gain of $95,000. d. Stock investments were sold for $94,900 cash, yielding a gain of $14,750. Use the above information to determine cash flows from investing activities. (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 $80,000 and an original cost of $164,000 was sold at a loss of $33,000. b. Paid $103,000 cash for a new truck. c. Sold land costing $325,000 for $420,000 cash, yielding a gain of $95,000. d. Stock investments were sold for $94,900 cash, yielding a gain of $14,750. Use the above information to determine cash flows from investing activities. (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
Section: Chapter Questions
Problem 1Q
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Subject: accounting
Transcribed Image Text:Exercise 12-9 (Algo) Cash flows from investing activities LO P3
a. Equipment with a book value of $80,000 and an original cost of $164,000 was sold at a loss of $33,000.
b. Paid $103,000 cash for a new truck.
c. Sold land costing $325,000 for $420,000 cash, yielding a gain of $95.000.
d. Stock investments were sold for $94,900 cash, yielding a gain of $14,750.
Use the above information to determine cash flows from investing activities. (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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