The Winston Corporation reported the following information: January 1 December 1 Equipment $68,000 $114,500 Accumulated Depreciation 19,500 21,800 Investments (long-term) 76,000 47,000 In addition, Winston sold equipment costing $12,500 with accumulated depreciation of $9,000 for $6,500. Winston also reported a $5,000 loss on the sale of long-term investments. Compute net cash flow from investing activities. Cash Flow from Investing Activities Purchased Equipment Proceeds from Sale of Equipment Proceeds from Sale of Investments Net Cash Flow from Investing Activities S S__ S____ S___
The Winston Corporation reported the following information: January 1 December 1 Equipment $68,000 $114,500 Accumulated Depreciation 19,500 21,800 Investments (long-term) 76,000 47,000 In addition, Winston sold equipment costing $12,500 with accumulated depreciation of $9,000 for $6,500. Winston also reported a $5,000 loss on the sale of long-term investments. Compute net cash flow from investing activities. Cash Flow from Investing Activities Purchased Equipment Proceeds from Sale of Equipment Proceeds from Sale of Investments Net Cash Flow from Investing Activities S S__ S____ S___
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The Winston Corporation reported the following information:
January 1 December 1
Equipment
$68,000 $114,500
Accumulated Depreciation 19,500 21,800
Investments (long-term) 76,000 47,000
In addition, Winston sold equipment costing $12,500 with accumulated depreciation of $9,000 for $6,500. Winston also reported a $5,000 loss on the sale of long-term investments.
Compute net cash flow from investing activities.
Cash Flow from Investing Activities
Purchased Equipment
Proceeds from Sale of Equipment
Proceeds from Sale of Investments
Net Cash Flow from Investing Activities S_
S
S
S
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