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Exercise 129 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book...

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Accounting

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Exercise 129 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $83,000 and an original cost of $164,000 was sold at a loss of $32,000. b. Paid $109,000 cash for a new truck. c. Sold land costing $315,000 for $405,000 cash, yielding a gain of $90,000. d. Stock investments were sold for $94,200 cash, yielding a gain of $14,750. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)

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