Question: net flow from investing activities Homework - Chapter 11 Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following
net flow from investing activities
Homework - Chapter 11 Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: 12/31/2019 Furniture $46,000 Accumulated depreciation Investment (long-term) 12/31/2018 $32,000 12,500 50,000 15,900 38,000 In addition, Orlando sold furniture costing $10,100 with accumulated depreciation of $6,060 for $4,690. Orlando also reported a $1,200 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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