Use the following information to determine this companys cash flows from investing activities. a. Equipment with a

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Use the following information to determine this company’s cash flows from investing activities.
a. Equipment with a book value of $72,500 and an original cost of $158,000 was sold at a loss of $22,000.
b. Paid $95,000 cash for a new truck.
c. Sold land costing $315,000 for $400,000 cash, yielding a gain of $15,000.
d. Long-term investments in stock were sold for $94,700 cash, yielding a gain of $5,750.

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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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