Orlando Inc. reported the following information: ________________________ 12/31/2019 ________ 12/31/2018 Furniture ........................... $46,000 ................ $32,000 Accumulated depreciation
Question:
________________________ 12/31/2019 ________ 12/31/2018
Furniture ........................... $46,000 ................ $32,000
Accumulated depreciation ....... 15,900 .................. 12,500
Investment (long-term) .......... 38,000 .................. 50,000
In addition, Orlando sold furniture costing $8,000 with accumulated depreciation of $5,000 for $3,500. Orlando also reported a $3,000 gain on the sale of long-term investments.
Required:
Compute net cash flow from investing activities?
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Cash flow from investing activities Purchase of furnitu...View the full answer
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