Question: Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc reported the following information: 12/31/2018 Furniture Accumulated depreciation Investment (long-term) 12/31/2019 $46,000
Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc reported the following information: 12/31/2018 Furniture Accumulated depreciation Investment (long-term) 12/31/2019 $46,000 15,900 38,000 $32,000 12,500 50,000 In addition, Orlando sold furniture costing $15,400 with accumulated depreciation of $7,700 for $8,930. Orlando also reported a $1,100 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). -96,000 X Pada Chewy w Setup Taccounts to determine activity in the furniture account. Recreate the ouma entry to determine the oth flow rated to the long term investment account
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