Assume Gregg Manufacturing Corporation completed the following transactions:
a. Sold a store building for $740,000. The building cost Gregg Manufacturing $1,600,000, and at the time of the sale, its accumulated depreciation totaled $920,000.
b. Lost a store building in a fire. The building cost $460,000 and had accumulated depreciation of $310,000. The insurance proceeds received by Gregg Manufacturing totaled $185,000.
c. Renovated a store at a cost of $203,000.
d. Purchased store fixtures for $68,000. The fixtures are expected to remain in service for 10 years and then be sold for $29,000. Gregg Manufacturing uses the straight-line depreciation method.
For each transaction, show what Gregg Manufacturing would report for investing activities on its statement of cash flows. Show negative amounts in parentheses.

  • CreatedJuly 25, 2014
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