Westfield Manufacturing reported depreciation this year of $275,000. The company has fixed assets of $3,200,000 at the year-end. At the last year-end, the company reported fixed assets of $2,800,000. Calculate the cash flow from investing activities. A. $125,000 B. -$675,000 C. $675,000 D. -$225,000
Westfield Manufacturing reported depreciation this year of $275,000. The company has fixed assets of $3,200,000 at the year-end. At the last year-end, the company reported fixed assets of $2,800,000. Calculate the cash flow from investing activities. A. $125,000 B. -$675,000 C. $675,000 D. -$225,000
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 14M
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Transcribed Image Text:Westfield Manufacturing reported depreciation this year of $275,000. The company has fixed
assets of $3,200,000 at the year-end. At the last year-end, the company reported fixed assets
of $2,800,000. Calculate the cash flow from investing activities.
A. $125,000
B. -$675,000
C. $675,000
D. -$225,000
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