50.1K
Verified Solution
Link Copied!
Use the information below to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
a) Equipment with a book value of $81,000 and an original cost of $167,000 was sold at a loss of $36,000
b) Paid $109,000 cash for new truck
c) Sold land costing $315,000 for $400,000 cash, yielding a gain of $85,000
d) Long-term investments in stock were sold for $97,000 cash, yielding a gain of $14,000
Answer & Explanation
Solved by verified expert
