Homework SourseUse the above information to determine this companys cash fl
Use the above information to determine this company\'s cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
| a. | Equipment with a book value of $84,000 and an original cost of $161,000 was sold at a loss of $35,000. |
| 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 $94,900 cash, yielding a gain of $15,500. |
Solution
Cash flow from investing activities :
| Equipment sold (84000-35000) | 49000 |
| Purchase new truck | -112000 |
| Land sold | 425000 |
| Long term investment sold | 94900 |
| Net cash flow from investing activities | 456900 |
