a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at
Question:
b. Paid $89.000 cash for a new truck
c. Sold land costing $154,000 for $198,000 cash. yielding a gain of $44.000.
d. Long-term investments in stock were sold for $60,800 cash, yielding a gain of $4,150.
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.)
Transcribed Image Text:
Cash flows from investing activities Cash received from the sale of equipment Cash paid for new truck Cash received from the sale of land (89,000) 198,000 Cash received from the sale of long-term investments Net cash provided by investing activities 60,800 $ 169,800
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (17 reviews)
Cash flow from investing activities Sale ...View the full answer
Answered By
WAHIDUL HAQUE
hello,
I'm a professional academic solution provider working as a freelance academic solution provider since 7 years. I have completed numerous projects. Help lots of students to get good marks in their exams and quizzes. I can provide any type of academic help to your homework, classwork etc, if you are a student of Accounting, Finance, Economics, Statistics. I believe in satisfying client by my work quality, rather than making one-time profit. I charge reasonable so that we make good long term relationship. why will you choose me? i am an extremely passionate, boldly honest, ethically driven and pro-active contractor that holds each of my clients in high regards throughout all my business relations. in addition, I'll always make sure that I'm giving my 100% better in every work that will be entrusted to me to be able to produce an outcome that will meet my client's standards. so if you are a student that is now reading my profile and considering me for your academic help. please feel free to look through my working history, feedback and contact me if you see or read something that interests you. I appreciate your time and consideration.
regards
4.90+
233+ Reviews
368+ Question Solved
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Cost Accounting questions
-
Use the following information to determine this companys cash flows from investing activities. a. Equipment with a book value of $ 65,300 and an original cost of $ 133,000 was sold at a loss of $...
-
State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Sold equipment with a book value of $65,000 for $83,000. b....
-
Use the following information to determine this companys cash flows from investing activities. a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of...
-
1. How far can an economist contribute to this normative debate over the desirability of an excise tax? 2. What is the excess burden of a lump-sum tax? (For a clue, see Figure 12.14.)
-
Suppose it takes 2 weeks for Websters supplier to set up production, make and test the chips, and deliver them to Websters plant. Assuming certainty in delivery times and usage, at what inventory...
-
Determining Missing Items in Rate of Return Computation One item is omitted from each of the following computations of the rate of return on investment: Determine the missing items identified by the...
-
Mega Millions is a multistate lottery in which players try to guess the numbers that will turn up in a drawing of numbered balls. One of the balls drawn is the Mega Ball. Matching the number drawn on...
-
Complete the chart below, indicating the Calvet Trusts entity accounting income for each of the alternatives. For this purpose, use the following information. Interest income, taxable Interest...
-
One important item to remember is that HR professionals are responsible for the personnel records. Why do you think these need to be audited and what would you look for?
-
Which combinations of attributes have to be unique for each individual SECTION entity in the UNIVERSITY database shown in Figure 3.20 to enforce each of the following miniworld constraints: a. During...
-
Assume you are a consultant for a local business that has asked you to propose an enterprise-wide solution that includes topology, network devices, IP infrastructure, and network security. The...
-
Hector Company has developed the following standard costs for its product for 2012: HECTOR COMPANY Standard Cost Card Product A Cost Element...... Standard Quantity...... Standard Price .....=...
-
Solve the following problems: a. 5x = 7t x(0) = 3 b. 4x = 3e-5t x(0) = 4 c. 7% :=4t x(0) = 3 * (0) = 5 d. 3x = 8e-4t x(0) =3 * (0) = 5
-
Assessment 1 - Short Answer Questions BSBMKG434 Promote products and services Company : Bounce Fitness Question 1 The table below includes parts of a typical action plan used for business promotional...
-
An archer fires an arrow straight up into the air with a speed vo = 50.1 m/s. Neglect air resistance. In the drawing, for purposes of visualization, the trajectory of the arrow has been give a small...
-
Based on analysis of company and expected industry and economic conditions natural industries is expected to earn $4.80 per share of common stock next year. The company has a policy of consistently...
-
You have life insurance which has a guaranteed cash value after 28 years of $1,414,320.00. If you know that you can earn 6% APY on your investments. What is the maximum monthly payment on the life...
-
Consider 3 assets, A, B, and C, with the expected returns and matrix of variance-covariance given below E(r) variance-covariance A B C A 15% 0.090 0.125 0.144 B 10% 0.040 -0.036 C 20% 0.625 1) What...
-
Using the table of probabilities shown Find P(Z |R) X Y Z Totals S .10 .25 .15 .50 T .05 .20 .02 .27 R .05 .15 .03 .23 Totals .20 .60 .20 1.00
-
For the next several days, take notes on your listening performance during at least a half-dozen situations in class, during social activities, and at work, if applicable. Referring to the traits of...
-
How many months will it take to payoff a $525 debt, with monthly payments of $15 at the end of each month, if the interest rate is 18%, compounded monthly?
-
For how many months, at an interest rate of 1% per month, does money have to be invested before it will double in value?
-
A bank recently announced an "instant cash" plan for holders of its bank credit cards. A cardholder may receive cash from the bank up to a preset limit (about $500). There is a special charge of 4%...
-
Solve the following systems of nonlinear equations to 3 significant figures accuracy using the tearing method: 6x+x, ln x2 + x2x3 = 6 e sin x3-5e=10 x+x+x3 = 5
-
(a) Formulate the ODE for a parachutist, falling under gravity, with velocity v(t), for a viscous drag force model given by Fd = kv(t)j, v(0) = 0. (b) Outline all the steps towards the solution v(t)....
-
The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Cash Accounts receivable Inventory Prepaid expenses Long-term investments...
Study smarter with the SolutionInn App