Use the information to determine cash flows from investing activities a. Equipment with a book value of

Use the  information to determine cash flows from investing activities   

Transcribed Image Text:

a. Equipment with a book value of $78,000 and an original cost of $163,000 was sold at a loss of $35,000 b. Paid $103,000 cash for a new truck. c. Sold land costing $315,000 for $410,000 cash, yielding a gain of $95,000. d. Stock investments were sold for $92,100 cash, yielding a gain of $14,750. a. Equipment with a book value of $78,000 and an original cost of $163,000 was sold at a loss of $35,000 b. Paid $103,000 cash for a new truck. c. Sold land costing $315,000 for $410,000 cash, yielding a gain of $95,000. d. Stock investments were sold for $92,100 cash, yielding a gain of $14,750.

Answer rating: 100% (QA)

To determine the cash flows from investing activities we need to consider the four transaction... View the full answer