Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. equipment with a book value of $78,000 and an orig

Equipment with a book value of $78,000 and an original cost of $168,000 was sold...

80.2K

Verified Solution

Question

Accounting

Equipment with a book value of $78,000 and an original cost of $168,000 was sold at a loss of $34,000.

Paid $109,000 cash for a new truck.

Sold land costing $315,000 for $405,000 cash, yielding a gain of $90,000.

Long-term investments in stock were sold for $92,100 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.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Calculus
1.2K views

Show all work and upload a file to complete the following:Given that f = 3/1+x...

Calculus
1.2K views

Find the horizontal and verticalcomponents of this vector.([?],[])|f|=17

Basic Math
1.2K views

swer the questions below a The perimeter of a rect If the length of the...

Mechanical Engineering
1.2K views

Waht is the application of flixibe manufacturing system (FMS)??

Mechanical Engineering
1.2K views

If the weight of the contents in a vessel is measured and the density of the...

Mechanical Engineering
1.2K views

The critical dimension on a machined hole must be 0.5025 in. The machining process can reliably...

Physics
1.2K views

a block of mass 2.4 kg is sitting on a frictionless ramp with a spring at...

Calculus
1.2K views

Maximize B 2xy where x and y are positive numbers such that x y 10...

Algebra
1.2K views

O O Simplify the following expression Select the correct answer below 1618 X24 478 x24...

Accounting
1.2K views

How do you get the ending account receivables

Accounting
1.2K views

Andretti Company has a single product called a Dak. The company normally produces and sells...

Finance
1.2K views

Which of the following best describes Behavioral Finance? a. Behavioral Finance concepts are more developed...