a Equipment with a book value of 80 000 and an original cost of 162 000 was sold at a loss of 33 000 b Paid 118 000 cash for a

Question

a Equipment with a book value of 80 000 and an original cost of 162 000 was sold at a loss of 33 000 b Paid 118 000 cash for a new truck c Sold land costing 315 000 for 405 000 cash yielding a gain of 90 000 d Stock investments were sold for 96 300 cash yielding a gain of 17 000 Use the above information to determine cash flows from investing activities Note Amounts to be deducted should be indicated with a minus sign Answer is complete but not entirely correct Statement of Cash Flows partial Cash flows from investing activities Cash paid for new truck Cash received from the sale of equipment Cash received from the sale of land Cash received from the sale of stock investments Net cash provided by investing activities 33 000 X 33 000 X 405 000 17 000 X 488 000 Return t

Kunduz · Accepted Answer

Click to see the answer