managerial accounting problem 14-15a 6th edition(edmonds, tsay & olds)

Project Description:

the following information was drawn from the year-end blance sheet of desoto company:

account title` 2012 2011
investment securities $35,500 $30,000
equipment 235,000 220,000
buildings 845,000 962,000
land 80,000 69,000

additional information regarding transactions occurring during 2012:
1. investment securities that had cost $ 5,600 were sold. the 2012 income statement contained a loss on the sale of investment securities of $600.
2. equipment with a cost of $50,000 was purchased.
3. the income statement showed a gain on the sale of equipment of $6,000. on the date of sale, accumulated depreciation on the equipmentsold amounted to $8,000.
4. a building that had originally cost $158,000 was demolished.
5. land that had cost $25,000 was sold for $22,000.
required:
a. determine the amount of cash flow for the purchase of investment securities during 2012.
b. determine the amount of cash flow from the sale of investment securities during 2012.
c. determine the cost of the equipment that was sold during 2012.
d. determine the amount of cash flow from the sale of equipment during 2012.
e. determine the amount of cash flow for the purchase of buildings during 2012.
f. determine the amount of cash flow for the purchase of land during 2012.
g. prepare the investing activities section of the 2012statement of ca flows.
Skills Required:
Project Stats:

Price Type: Negotiable

Expired
Total Proposals: 6
1 Current viewersl
7 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.8
    546 Jobs 386 Reviews
    $20 in 0 Day
  • 4.9
    73 Jobs 54 Reviews
    $0 in 0 Day
  • 5.0
    2 Jobs 2 Reviews
    $0 in 0 Day
  • 0.0
    0 Jobs 0 Reviews
    $0 in 0 Day