a. Equipment with a book value of $81,000 and an original cost of $165,000 was sold at a loss of $30,000. b. Paid $100,000 cash for a new truck. c. Sold land costing $315,000 for $420,000 cash, yielding a gain of $105,000. d. Stock Investments were sold for $95,600 cash, yielding a gain of $14,750. Use the above information to determine cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Cash flows from investing activities
a. Equipment with a book value of $81,000 and an original cost of $165,000 was sold at a loss of $30,000. b. Paid $100,000 cash for a new truck. c. Sold land costing $315,000 for $420,000 cash, yielding a gain of $105,000. d. Stock Investments were sold for $95,600 cash, yielding a gain of $14,750. Use the above information to determine cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Cash flows from investing activities
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter19: Capital Investment
Section: Chapter Questions
Problem 6CE
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![a. Equipment with a book value of $81,000 and an original cost of $165,000 was sold at a loss of $30,000.
b. Paid $100,000 cash for a new truck.
c. Sold land costing $315,000 for $420,000 cash, yielding a gain of $105,000.
d. Stock Investments were sold for $95,600 cash, yielding a gain of $14,750.
Use the above information to determine cash flows from investing activities.
Note: Amounts to be deducted should be indicated with a minus sign.
Statement of Cash Flows (partial)
Cash flows from investing activities](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd3e6aac6-76a1-405e-850f-ecd54122c4b9%2Fe3be815a-0809-4219-8ad9-4a626ca7fb5f%2Fckodub_processed.jpeg&w=3840&q=75)
Transcribed Image Text:a. Equipment with a book value of $81,000 and an original cost of $165,000 was sold at a loss of $30,000.
b. Paid $100,000 cash for a new truck.
c. Sold land costing $315,000 for $420,000 cash, yielding a gain of $105,000.
d. Stock Investments were sold for $95,600 cash, yielding a gain of $14,750.
Use the above information to determine cash flows from investing activities.
Note: Amounts to be deducted should be indicated with a minus sign.
Statement of Cash Flows (partial)
Cash flows from investing activities
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