Selected information follows for Crane Select Corporation at December 31: Land Building Accumulated depreciation-building Equipment Accumulated depreciation-equipment Additional information: 1. 2. Investing Activities Land was sold for cash at a gain of $37,100. Equipment was bought for cash. 2024 $100,700 Proceeds from Sale of Land 265,000 Prepare the investing activities section of the cash flow statement. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Equipment Purchase (58,300) 251,220 (91,160) Crane Select Corporation Cash Flow Statement (Partial) For the Year Ended December 31, 2024 Net Cash Provided by Investing Activities tA 2023 $190,800 265,000 (47,700) 156,880 (82,680) $ 37100 251220 288320

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Selected information follows for Crane Select Corporation at December 31:
Land
Building
Accumulated depreciation-building
Equipment
Accumulated depreciation-equipment
Additional information:
1.
2.
Investing Activities
2024
Proceeds from Sale of Land
$100,700
Equipment Purchase
265,000
Land was sold for cash at a gain of $37,100.
Equipment was bought for cash.
Net Cash Provided by Investing Activities
(58,300)
251,220
Crane Select Corporation
Cash Flow Statement (Partial)
For the Year Ended December 31, 2024
(91,160)
Prepare the investing activities section of the cash flow statement. (Show amounts that decrease cash flow with either a-sign e.g. -15,000
or in parenthesis e.g. (15,000).)
2023
$190,800
$
265,000
(47,700)
156,880
(82,680)
37100
251220
288320
Transcribed Image Text:Selected information follows for Crane Select Corporation at December 31: Land Building Accumulated depreciation-building Equipment Accumulated depreciation-equipment Additional information: 1. 2. Investing Activities 2024 Proceeds from Sale of Land $100,700 Equipment Purchase 265,000 Land was sold for cash at a gain of $37,100. Equipment was bought for cash. Net Cash Provided by Investing Activities (58,300) 251,220 Crane Select Corporation Cash Flow Statement (Partial) For the Year Ended December 31, 2024 (91,160) Prepare the investing activities section of the cash flow statement. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) 2023 $190,800 $ 265,000 (47,700) 156,880 (82,680) 37100 251220 288320
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