Question: someone explain how to do this Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $81,500 and an
Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $81,500 and an original cost of $166,000 was sold at a loss of $34,000. b. Paid $112,000 cash for a new truck. c. Sold land costing $315,000 for $425,000 cash, yielding a gain of $110,000 d. Long-term investments in stock were sold for $96,300 cash, yielding a gain of $16,250. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flown (partial) Cash flows from investing activities
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
