Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Equipment with a book value of $80,000 and
an original cost of $166,000 was sold at a loss
of $37,000.
Paid $100,000 cash for a new truck.
Sold land costing $320,000 for $420,000
cash, yielding a gain of $100,000.
Long-term investments in stock were sold for
$94,900 cash, yielding a gain of $14,750.
Use the above information to determine this
company's cash flows from investing
activities. (Amounts to be deducted should be
indicated with a minus sign.)
Transcribed Image Text:Equipment with a book value of $80,000 and an original cost of $166,000 was sold at a loss of $37,000. Paid $100,000 cash for a new truck. Sold land costing $320,000 for $420,000 cash, yielding a gain of $100,000. Long-term investments in stock were sold for $94,900 cash, yielding a gain of $14,750. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
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