Question: Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: 12/31/2018 Furniture $32,000 12/31/2019 $46,000 15,900 38,000 12,500
Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: 12/31/2018 Furniture $32,000 12/31/2019 $46,000 15,900 38,000 12,500 Accumulated depreciation Investment (long-term) 50,000 In addition, Orlando sold furniture costing $22,500 with accumulated depreciation of $14,625 for $9,140. Orlando also reported a $1,500 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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