Orlando Inc. reported the following information: Furniture Accumulated depreciation Investment (long-term) 12/31/2019 12/31/2018 $46,000 $32,000 15,900...

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Orlando Inc. reported the following information: Furniture Accumulated depreciation Investment (long-term) 12/31/2019 12/31/2018 $46,000 $32,000 15,900 38,000 12,500 50,000 In addition, Orlando sold furniture costing $24,800 with accumulated depreciation of $18,600 for $7,190. Orlando also reported a $1,500 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). Orlando Inc. reported the following information: Furniture Accumulated depreciation Investment (long-term) 12/31/2019 12/31/2018 $46,000 $32,000 15,900 38,000 12,500 50,000 In addition, Orlando sold furniture costing $24,800 with accumulated depreciation of $18,600 for $7,190. Orlando also reported a $1,500 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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Net Cash Flow from Investing Activities for Orlando Inc Cash Inflows No... View the full answer