a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at

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a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000.
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.)
A. Equipment with a book value of $65,300 and an
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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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