Question: Davis Inc. reported the following information for equipment: In addition, Davis sold equipment costing $10,000 with accumulated depreciation of $8,000 for $2,200 cash, producing a

Davis Inc. reported the following information for equipment:

In addition, Davis sold equipment costing $10,000 with accumulated depreciation of $8,000 for $2,200 cash, producing a $200 gain. Davis reported net income for 2009 of $110,000.

Required:
Compute net cash flow from investingactivities.

12/31/2009 12/31/2008 $160,000 $115,000 Equipment Accumulated depreciation Long-term investment (85,000) 10,000 (59,000) 14,600

Step by Step Solution

★★★★★

3.40 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Cash flow from investing activities Cash paid for equipment 55000 Sale of ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

145-B-M-A-S-C-F (1409).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

The Cheesecake Factory Incorporated reported the following information for the 2006 fiscal year ended January 2, 2007. Amounts are in thousands of dollars. Other information Additional investments by...

The company reported the following information for the year: Ending work-in-process inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000 Depreciation on factory building . . . ....

The company reported the following information for the year: Beginning accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,000 Sales . . . . . . . . . . . . . . . . . . . ....

Computing Net Cash Row from Investing Activities Davis Inc. reported the following information for equipment: In addition, Davis sold equipment costing $12,500 with accumulated depreciation of $6,750...

Cornerstone Exercise 11-20 (Algorithmic) Computing Net Cash flow from Investing Activities Davis Inc. reported the following information for equipment: In addition, Davis sold equipment costing...

Please answer the question and show your work Computing Net Cash Flow from Investing Activities Davis Inc. reported the following information for equipment: 12/31/2011 12/31/2010 Equipment $160,000...

Davis Inc. reported the following information for equipment: In addition, Davis sold equipment costing $12,500 with accumulated depreciation of $8,150 for $3,800 cash, producing a $550 loss. Davis...

COMPUTING NET CASH FLOW FROM INVESTING ACTIVITIES Davis Inc. reported the following information for equipment: 12/31/2009 12/31/2008 Equipment $160,000 $115,000 Accumulated depreciation (85,000)...

Cornerstone Exercise 11-20 (Algorithmic) Determining Net Cash Flow from Investing Activities Davis Inc. reported the following information: 12/31/2019 12/31/2018 Equipment $160,000 $115,000...

Determining Net Cash Flow from Investing Activities Davis Inc. reported the following information: 12/31/2019 12/31/2018 Equipment $160,000 $115,000 Accumulated depreciation (85,000) (59,000)...

because an organism can develop decrease in its sensitivity to a substance after exposure to it or to a structurally related substance?

On January 1, 2012, when its $30 par-value common stock was selling for $80 per share, Gierach Corporation issued $10 million of 4% convertible debentures due in 10 years. The conversion option...

Question For the function f ( x ) given below, evaluate limx f ( x ) and limx f ( x ) . f ( x ) = 7 x 5

The distance between the point (-1, -5, -10) and the point of intersection of the line - 2 +1_z-2 22. with the plane x - y + Z = 5 is 3 4 12 -1 -3 z- Let P(1, 2, 3) be a point in space and Q be a...

If the distance between the plane Ax - 2y +z d and the plane containing the -1_-2 z-3 - 2 -3 z-4 lines 2 and 4 is 16 then |d| is 3 4

Total number of monochloro products formed for methyl cyclohexane are 'x' and the total number of distillates obtained upon fractional distillation are 'y' then (x-y) is n

Hall Company sells merchandise with a one-year warranty. In the current year, sales consisted of 2,895 units. It is estimated that warranty repairs will average $14 per unit sold, and 30% of the...

Statistics teachers often debate the best order in which to teach topics. One group of teachers likes to teach design of studies first. Another group likes to begin with data analysis. To see which...

Multiple Choice Questions 1. Which of the following statements regarding leases is false? a. Lease agreements are a popular form of financing the purchase of assets because leases do not require a...

On January 2, 2011, Sylvester Metals Co. leased a mining machine from EDH Leasing Corp. The lease qualifies as an operating lease. The annual payments are $4,000 paid at the end of each year, and the...

WVA Mining Company has leased a machine from Franklin Machinery Company. The annual payments are $6,000, and the life of the lease is 8 years. It is estimated that the useful life of the machine is 9...

A standard Six Sigma Process has a 4.5 Sigma performance - True or False

33. Calculating Future Values [ LO1] You have an investment that will pay you .83 percent per month. How much will you have per dollar invested in one year? In two years? Calculating Rates of Return...

please answer all 3!! QUESTION 22 Mitsubish has a 10 year interest rates with LP. Morkan. The notional principalis 500 milion, Misub has the flowing rate side of the swap and is paying LIBOR JP...