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: 75% (16 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...
-
Calculate: a. 7! b. 9!/7! c. 4! 6!/7! 2!
-
How does RoRo differ from LoLo?
-
Daily demand for a product is 100 units, with a standard deviation of 25 units. The review period is 10 days and the lead time is 6 days. At the time of review there are 50 units in stock. If 98...
-
In March 2022, Ginger Graham, age 46 and wife of Greg Graham, engaged in the transactions described below. Determine Gingers gift tax liability for 2022 if she and Greg elect gift splitting and Greg...
-
Five independent situations follow: 1. Human Solutions Incorporated believes its people are its most significant asset. It estimates and records their value on its balance sheet. 2. Sharon Barton,...
-
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 .....=...
-
In September, Marcy's Department Store placed an order with Fuego Toys Inc for the upcoming holiday season. While it is difficult to predict which toys will be popular with children, both parties...
-
Andy Bailey recently graduated from the University of MF and is joining the Bank of MF as a financial analyst. He is assigned to conduct relative valuation to determine if the implied stock price per...
-
Suppose that a two-factor (Factor X and Factor Y) model describes the return generating processes of all securities in the market and that the corresponding APT model correctly calculates the...
-
1. Consider the market for some good produced by a competitive industry. The market begins in equilibrium. a. At the initial equilibrium price and quantity, what are consumer surplus, producer...
-
I hired a carpenter and an apprentice to do some work at my business. They worked two days. On the first day I was billed $210 for 11 hours of work by the main carpenter and for 7 hours of work by...
-
Using the information on the attached sheet for Windswept, Inc., prepare in good form a Sources and Uses of Funds Statement and a Cash Reconciliation along with any required sub schedules for the...
-
Describe a moral hazard problem your company is facing. What is the source of the asymmetric information? Who is the less-informed party? Are there any wealth-creating transactions not consummated as...
-
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%...
-
The quality-control department of Starr Communications, the manufacturer of video-game DVDs, has determined from records that 1.6% of the DVDS sold have video defects, 0.9% have audio defects, and...
-
What is the half-life in hours of procainamide in a patient whose total clearance is estimated to be 20 L/h and the volume of distribution is 120 L assuming one compartment, open model, first- order...
-
1. The technologies, such as ChatGPT, has been launched before introducing even a baseline of safety measures. This goes back to trade-offs that companies make, and people just watch the impact from...
Study smarter with the SolutionInn App