The image contains information needed to determine cash flows from investing activities. Here's a detailed breakdown:### Transactions1. **Equipment Sale:** - Book Value: $81,500 - Original Cost: $161,000 - Sold at a Loss: $37,0002. **Purchase of New Truck:** - Paid $106,000 in cash3. **Land Sale:** - Cost: $320,000 - Sold for: $425,000 - Gain: $105,0004. **Stock Investments Sale:** - Sold for: $93,500 - Gain: $16,250These transactions are used to fill out the "Cash flows from investing activities" section of the "Statement of Cash Flows."### Statement of Cash Flows (Partial)This is a blank table with lines intended for different investing activities to be recorded. The amounts to be deducted should include a minus sign to indicate cash outflows.- __Cash Inflows and Outflows:__ - Equipment sale would be recorded as a cash inflow with the amount received after considering the loss. - Purchase of the new truck is a cash outflow, indicated as a negative amount. - Land sale proceeds are recorded as a cash inflow. - Sale of stock investments is a cash inflow based on the amount received.The line marked "$0" indicates the total net cash flow from investing activities after accounting for all inflows and outflows. The final balance needs to be calculated using the provided data.

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Description: The image contains information needed to determine cash flows from investing activities. Here's a detailed breakdown:### Transactions1. **Equipment Sale:** - Book Value: $81,500 - Original Cost: $161,000 - Sold at a Loss: $37,0002. **Purchase

Investing activities is those Activities where in the company there is a movement of cash incoming…

Answered: Use the above information to determine…

Business

Accounting

Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be minus sign.) Statement of Cash Flows (partial) Cash flows from investing activities $ 0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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abels and Amount Descriptions Instructions Labels Dec. 31, Dec. 31, December 31, 20Y3 20Y3 20Y2 For the Year Ended December 31, 20Y3 Amount Descriptions Assets 3 Cash $625,680.00 $586,230.00 Cash received from sale of investments 228,100.00 208,850.00 4 Accounts receivable (net) 5 Inventories Cash paid for purchase of land Cash paid for purchase of equipment Cash received from issuing common 640,910.00 617,650.00 0.00 240,620.00 6 Investments 7 Land 328,090.00 0,00 stock 704,540.00 553,320.00 8 Equipment 9 Accumulated depreciation-equipment Cash dividends (166,310.00) (147840.00) Decrease in accounts payable Decreașe in accounts receivable Decrease in accrued expenses payable 10 Total assets $2,361,010.00 $2,058,830.00 11 Liabilities and Stockholders' Equity $425,280.00 $404,550.00 52,020.00 12 Accounts payable Decrease in inventories 41,990.00 13 Accrued expenses payable Depreciation 24,190.00 20,170.00 14 Dividends payablie Gain on sale of investments 15 Common stock, $4 par…