Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value...
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Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $79,000 and an original cost of $165,000 was sold at a loss of $36,000. b. Paid $115,000 cash for a new truck. c. Sold land costing $320,000 for $415,000 cash, yielding a gain of $95,000. d. Long-term investments in stock were sold for $96,300 cash, yielding a gain of $17,000. Use the above information to determine cash flows from investing activities. (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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