rlando Inc. reported the following information: Jan. 1 Dec. 31 Equipment $32,000 $46,000 Accumulated depreciation 12,500 15,900 Investment (long-term) 50,000 38,000 In addition, Orlando sold equipment costing $27,500 with accumulated depreciation of $15,125 for $14,350. Orlando also reported a $1,000 gain on the sale of long-term investments. Required: Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows).
rlando Inc. reported the following information: Jan. 1 Dec. 31 Equipment $32,000 $46,000 Accumulated depreciation 12,500 15,900 Investment (long-term) 50,000 38,000 In addition, Orlando sold equipment costing $27,500 with accumulated depreciation of $15,125 for $14,350. Orlando also reported a $1,000 gain on the sale of long-term investments. Required: Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Determining Net
Orlando Inc. reported the following information:
| Jan. 1 | Dec. 31 | |||
| Equipment | $32,000 | $46,000 | ||
| 12,500 | 15,900 | |||
| Investment (long-term) | 50,000 | 38,000 |
In addition, Orlando sold equipment costing $27,500 with accumulated depreciation of $15,125 for $14,350. Orlando also reported a $1,000 gain on the sale of long-term investments.
Required:
Compute net cash flow from investing activities. Use a minus sign to indicate negative
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