Equipment with a book value of $83,000 and an original cost of $165,000 was sold at...

 

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Equipment with a book value of $83,000 and an original cost of $165,000 was sold at a loss of $35,000. b. Paid $100,000 cash for a new truck. c. Sold land costing $310,000 for $425,000 cash, yielding a gain of $115,000. d. Stock investments were sold for $94,900 cash, yielding a gain of $15,500. Use the above information to determine cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Cash flows from investing activities Equipment with a book value of $83,000 and an original cost of $165,000 was sold at a loss of $35,000. b. Paid $100,000 cash for a new truck. c. Sold land costing $310,000 for $425,000 cash, yielding a gain of $115,000. d. Stock investments were sold for $94,900 cash, yielding a gain of $15,500. Use the above information to determine cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Cash flows from investing activities

Answer rating: 100% (QA)

To determine cash flows from investing activities we need to analyze the provided transactions a Sol... View the full answer