Equipment with a book value of $80,000 and an original cost of $165,000 was sold at a loss of $36,000. Paid $109,000 cash for a new truck. Sold land costing $320,000 for $405,000 cash, yielding a gain of $85,000. Long-term investments in stock were sold for $96,300 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.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Equipment with a book value of $80,000 and an original cost of $165,000 was sold at a loss of $36,000. Paid $109,000 cash for a new truck. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
suppose dave's discount merchandise inventory account showed a balance of 8000 before the year end adjustments. The physical count of goods on hand totaled 7400. Dave uses a perpetual inventory system.
Answers (1)
Which is cheaper: eating out or dining in? The mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04 (Money. msn website, November 7, 2012). A sample of 100 neighborhood restaurants showed a mean price of $12.
Answers (1)
Value-stream mapping: a. all of the answers are true. b. extends time function mapping back to the supplier. c. starts with the customer and works backwards. d. examines the supply chain to determine where value is added. e.
Answers (1)
A health clinic is debating about whether to spend money on a dialysis machine to treat those in the neighborhood suffering with diabetes diabetes is on the rise in their neighborhood some estimate indicate that it may reach 50% currently they send
Answers (1)
Bramble Corp. has current assets of $1490000 and current liabilities of $820000. If they issue $175000 of new stock what will their new current ratio be?
Answers (1)
New Questions in Business
How would you make a convincing case that open trade in goods and services as well as free flow of foreign direct investment will enhance the well-being of (a) consumers, (b) producers, and (c) the government of countries?
Answers (1)
Cal farms reported supplies expense of $2,000,000 this year. the supplies account decreased by $200,000 during the year to an ending balance of $400,000. what was the cost of supplies the cal farms purchased during the year? select one: a.
Answers (1)
Which crop finally ensured the long-term success of the Jamestown colony?
Answers (1)
After reading the report released by the National Foundation for Infectious Diseases, you find it hard to believe that only 46% of college students get the flu vaccine, after all, the colleges and universities are constantly offering incentives such
Answers (1)
Dividends per share measures a. the extent to which earnings are being distributed to preferred shareholders. b. the extent to which earnings are being reinvested in the company. c.
Answers (1)