Question: Chapter 1 6 , Reporting and Analyzing Cash Flows, QS 1 6 - 9 Calculating cash from investing activities LO 6 Refer to the information

Chapter 16, Reporting and Analyzing Cash Flows, QS 16-9 Calculating cash from investing activities LO6 Refer to the information below for Douglas Tree Housing Inc. a. Calculate the cash paid for equipment purchased during 2023. b. Calculate the cash proceeds for equipment sold during 2023.^(1) Equipment costing $150 was vold during 2023; equipment was purchased daring 2023.^(2) Long-term investments sold at a proft during 2023.^(3) Proft for 2023 inchaded a $30 lons on sale of equipment and a $10 proft on ale of longterm imestmentr; depreciation expense reconded daring 2023 totalled $20.
Chapter 1 6 , Reporting and Analyzing Cash Flows,

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