Question: Current Attempt in Progress Cullumber Corporation reported the following information (in thousands) at December 31, 2021: Additional information: 1. The company purchased long-term investments during

 Current Attempt in Progress Cullumber Corporation reported the following information (in
thousands) at December 31, 2021: Additional information: 1. The company purchased long-term
investments during the year; none were sold. 2. The company purchased equipment

Current Attempt in Progress Cullumber Corporation reported the following information (in thousands) at December 31, 2021: Additional information: 1. The company purchased long-term investments during the year; none were sold. 2. The company purchased equipment during the vear and sold some equinment that eost $190 and had acamping amount of $70 for a gain of $20. Prepare the investing activities section of Cullumber's statement of cash flows for the year, (Show omounts that decrease cash flow wit either a -sign es. 15,000 or in porenthesis es. (15,000) ) ( $ in thousands) Investing activities $ $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!