Use the above information to determine cash flows from investing activities. minus sign.)
Use the above information to determine cash flows from investing activities. minus sign.)
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter12: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12.24MCE
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![Exercise 12-9 (Algo) Cash flows from investing activities LO P3
a. Equipment with a book value of $83,500 and an original cost of $164,000 was sold at a loss of $31,000.
b. Paid $115,000 cash for a new truck.
c. Sold land costing $320,000 for $405,000 cash, yielding a gain of $85,000.
d. Stock Investments were sold for $97,700 cash, yielding a gain of $15,500.
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
Cash received from the sale of equipment
Cash paid for new truck
Cash received from the sale of land
Cash received from the sale of stock investments
S
S
52,500
(115,000)
405,000
97,700
440,200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F55bebf1f-c454-4dfe-be1f-155e15c10ad6%2Fa49c1684-0299-46ca-9143-5ca36e201e7d%2F5jrqtei_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exercise 12-9 (Algo) Cash flows from investing activities LO P3
a. Equipment with a book value of $83,500 and an original cost of $164,000 was sold at a loss of $31,000.
b. Paid $115,000 cash for a new truck.
c. Sold land costing $320,000 for $405,000 cash, yielding a gain of $85,000.
d. Stock Investments were sold for $97,700 cash, yielding a gain of $15,500.
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
Cash received from the sale of equipment
Cash paid for new truck
Cash received from the sale of land
Cash received from the sale of stock investments
S
S
52,500
(115,000)
405,000
97,700
440,200
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