Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 12-9(algo) cash flows from investing acti

Exercise 12-9(Algo) Cash flows from investing activities LO P3 a. Equipment with a...

90.2K

Verified Solution

Question

Accounting

Exercise 12-9(Algo) Cash flows from investing activities LO P3
a. Equipment with a book value of $80,500 and an original cost of $167,000 was sold at a loss of $31,000.
b. Pald $100,000 cash for a new truck.
c. Sold land costing $330,000 for $420,000 cash, ylelding a galn of $90,000.
d. Stock Investments were sold for $91,400 cash, ylelding a gain of $15,500.
Use the above Information to determine cash flows from Investing activities.
Note: Amounts to be deducted should be Indlcated with a minus sign.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

List and define the key scientific and methodological domains of environmental health and their relationship to...

Biology
Q

A population, obeying the logistic equation, begins with 1000 bacteria, then doubles itself in 10 hours....

Advance Math
Q

Anja is an advisor. She uses her own car to travel to various locations to meet...

Accounting
Q

A liger is an offspring produced from a mating between a male lion and a...

Biology
Q

In the trapezoid at right AB is parallel to DC AB DC 1 3 and...

Geometry
Q

3 Determine whether the following statement is true or false If it is false explain...

Statistics
Q

a Consider the following figure ABC is a right angle AB 10 inches BC 13...

Algebra
Q

Simplify completely 435 5 2y4 11 Question Help Video

Algebra
Q

1b? On July 1, 2020 Flint Limited issued bonds with a face value of...

Accounting
Q

A Co currently processes payroll but B Co. offered to do it for $ 5000....

Accounting
Q

The Cherry Street Creamery made a $1,200 profit in its first month of business. Suppose...

Accounting
Q

Presidio, Inc. produces one model of mountain bike. Partial information for the company follows:

Accounting