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16-9 Please Help Exercise 169 (Algo) Cash flows from investing activities LO...

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Accounting

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Exercise 169 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $79,500 and an original cost of $166,000 was sold at a loss of $31,000. b. Paid $103,000 cash for a new truck. c. Sold land costing $320,000 for $400,000 cash, yielding a gain of $80,000. d. Stock investments were sold for $91,400 cash, yielding a gain of $17,000. Use the above information to determine cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign. Exercise 169 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $79,500 and an original cost of $166,000 was sold at a loss of $31,000. b. Paid $103,000 cash for a new truck. c. Sold land costing $320,000 for $400,000 cash, yielding a gain of $80,000. d. Stock investments were sold for $91,400 cash, yielding a gain of $17,000. Use the above information to determine cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign

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