a. Equipment with a book value of $80,500 and an original cost of $160,000 was s

Question

a. Equipment with a book value of $80,500 and an original cost of $160,000 was sold at a loss of $31,000 b. Paid $115,000 cash for a new truck. c. Sold land costing $310,000 for $400,000 cash, yielding a gain of $90,000. d. Long-term investments in stock were sold for $95,600 cash, yielding a gain of $15,500 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.) Cash flows from investing activities

Explanation / Answer

Cash flow from investing activities :

Equipment sold (80500-31000) 49500 New truck purchased -115000 Land sold 400000 Long term investment sold 95600 Net cash flow from investing activities 430100

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