Computing Net Cash Flow from Investing Activities Davis Inc. reported the follow

Question

Computing Net Cash Flow from Investing Activities Davis Inc. reported the following information for equipment: 12/31/2011 12/31/2010 Equipment $160,000 $115,000 Accumulated depreciation (85,000) (59,000) Long-term investment 18,610 10,000 In addition, Davis sold equipment costing $12,500 with accumulated depreciation of @8,850 for $2,060 cash, producing a $1,590 loss. Davis reported net income for 20 Compute net cash flow from investing activates. Enter a negative cash flow as a negative number. $

Explanation / Answer

Total cash flow from investing= change in assets+ amount received on asset sold+change in investments

= -45000+2060-8610

= (-)$51550

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