a. Equipment with a book value of $81,500 and an original cost of $161,000 was sold at a loss of $37,000.b. Paid $106,000 cash for a new truck.c. Sold land costing $320,000 for $425,000 cash, yielding a gain of $105,000.d. Stock investments were sold for $93,500 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 aminus sign.)Statement of Cash Flows (partial)Cash flows from investing activities$0

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Description: a. Equipment with a book value of $81,500 and an original cost of $161,000 was sold at a loss of $37,000.b. Paid $106,000 cash for a new truck.c. Sold land costing $320,000 for $425,000 cash, yielding a gain of $105,000.d. Stock investments were sol

Investing activities is those Activities where in the company there is a movement of cash incoming…

Answered: Use the above information to determine…

Business

Accounting

Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be minus sign.) Statement of Cash Flows (partial) Cash flows from investing activities $ 0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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a. Equipment with a book value of $81,000 and an original cost of $167,000 was sold at a loss of $37,000. b. Paid $115,000 cash for a new truck. c. Sold land costing $325,000 for $415,000 cash, yielding a gain of $90,000. d. Stock investments were sold for $97,000 cash, yielding a gain of $15,500. 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 Flows (partial) Cash flows from investing activities B F8 수 F9 4 F10 Co
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