Question: Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: 12/31/2019 $46,000 12/31/2018 $32,000 12.500 Furniture Accumulated depreciation
Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: 12/31/2019 $46,000 12/31/2018 $32,000 12.500 Furniture Accumulated depreciation Investment (long-term) 15,900 38,000 50,000 In addition, Orlando sold furniture costing $17,500 with accumulated depreciation of $11,375 for $7,110. Orlando also reported a $1,600 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). 31,500 X
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