Use the following company information to calculate net cash provided or used by investing activities. (a)...
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Use the following company information to calculate net cash provided or used by investing activities. (a) Long-term investments were sold for $47,000 cash, yielding a gain of $21,350. (b) Paid $68,000 cash for new machinery. (c) Sold land costing $33,200 for $38,400 cash, yielding a $5,200 gain. (d) Equipment with a book value of $187,000 and an original cost of $312,000 was sold at a loss of $23,000. Statement of Cash Flows (partial) Cash flows from investing activities $ 0 Use the following company information to calculate net cash provided or used by investing activities. (a) Long-term investments were sold for $47,000 cash, yielding a gain of $21,350. (b) Paid $68,000 cash for new machinery. (c) Sold land costing $33,200 for $38,400 cash, yielding a $5,200 gain. (d) Equipment with a book value of $187,000 and an original cost of $312,000 was sold at a loss of $23,000. Statement of Cash Flows (partial) Cash flows from investing activities $ 0
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Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
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