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Question

nmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment; take&inprogress-false; eBook Cash lows from Investing Activities During the year, equipment wilh a book value of $125,000 was sold for $175,000 (original purchase cost of $225,000). New equipment was purchased Murray Company provided the following comparative balance sheets: Video Murray Company Comparative Balance Sheets At December 31, 2015 and 2016 Long-Term Assets 2015 2016 Plant and equipment $1,000,000 $1,025,000 (500,000) (525,000) 500,000 688,750 Land Required Calculate the investing cash flows for the current year. Use a minus sign to indicate a cash outflow. 302,500 X See Cornerstone 15-4 Learnina Obiective 2 Next Previous Check My Work

Explanation / Answer

Answer is -213750

Particulars Amt purchase of plant (1025000-1000000) -25000 Purchase of land (688750-500000) -188750 cash used in investing activities -213750

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