Question: Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc reported the following information: Furniture Accumulated deprecation Investment (long-term) 12/31/2019 $46,000 15.900
Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc reported the following information: Furniture Accumulated deprecation Investment (long-term) 12/31/2019 $46,000 15.900 38,000 12/31/2018 $32.000 12.500 50,000 In addition, Orlando sold furniture costing $19,900 with accumulated depreciation of $11,940 for $9,230. Orlando also reported a $1,700 gain on the sale of long-term investments Required: Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows)
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