Statement of Cash Flows (partial)
Equipment with a book value of $82,000 and an original cost of $166,000 was sold at a loss of $32,000.
Paid $106,000 cash for a new truck.
Sold land costing $325,000 for $405,000 cash, yielding a gain of $80,000.
Long-term investments in stock were sold for $91,400 cash, yielding a gain of $15,500.
Homework Answers
| Statement of Cash Flows (partial) | |
| Cash flows from investing activities | |
| Cash received from the sale of equipment | 50,000 |
| Cash paid for new truck | (106,000) |
| Cash received from the sale of land | 405,000 |
| Cash received from the sale of long-term stock investments | 91,400 |
| Net cash provided by investing activities | $440,400 |
Explanation
Cash received from sale of equipment = Book value − loss = $82,000 − $32,000 = $50,000
Exercise 12-7 Cash flows from investing activities LO P3 Equipment with a book value of $80,000...
Exercise 12-7 Cash flows from investing activities LO P3 Equipment with a book value of $80,000 and an original cost of $162,000 was sold at a loss of $31,000. Paid $106,000 cash for a new truck. Sold land costing $325,000 for $405,000 cash, yielding a gain of $80,000. Long-term investments in stock were sold for $91,400 cash, yielding a gain of $14,000. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should...
Exercise 12-7 Cash flows from investing activities LO P3 a. Equipment with a book value of...
Exercise 12-7 Cash flows from investing activities LO P3 a. Equipment with a book value of $81,500 and an original cost of $164,000 was sold at a loss of $32,000. b. Paid $100,000 cash for a new truck. c. Sold land costing $325,000 for $405,000 cash, yielding a gain of $80,000. d. Long-term investments in stock were sold for $92,100 cash, yielding a gain of $14,000. Use the above information to determine this company's cash flows from investing activities. (Amounts...
Equipment with a book value of $82,500 and an original cost of $163,000 was sold at...
Equipment with a book value of $82,500 and an original cost of $163,000 was sold at a loss of $33,000. Paid $112,000 cash for a new truck. Sold land costing $325,000 for $415,000 cash, yielding a gain of $90,000. Long-term investments in stock were sold for $91,400 cash, yielding a gain of $15,500. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of...
Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $82,500 and an original cost of $167,000 was sold at a loss of $33,000. b. Paid $106,000 cash for a new truck. c. Sold land costing $310,000 for $430,000 cash, yielding a gain of $120,000. d. Long-term investments in stock were sold for $91,400 cash, yielding again of $15,500 Use the above information to determine cash flows from investing activities. (Amounts to be deducted...
Exercise 12-8 Cash flows from investing activities LO P3
Equipment with a book value of $81,000 and an original cost of $166,000 was sold at a loss of $36,000.Paid $118,000 cash for a new truck.Sold land costing $315,000 for $400,000 cash, yielding a gain of $85,000.Long-term investments in stock were sold for $97,000 cash, yielding a gain of $14,000.Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
a. Equipment with a book value of $79,500 and an b. Paid $115,000 cash for a...
a. Equipment with a book value of $79,500 and an b. Paid $115,000 cash for a new truck c. Sold land costing $315,000 for $405,000 cash, yielding a gain of $90,000 d. Long-term investments in stock were sold for $94,900 cash, yielding a gain of $16,250 original cost of $169,000 was sold at a loss of $32,000. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus...
a. Equipment with a book value of $81,000 and an original cost of $164,000 was sold at a loss of $36,000. b. Paid $109,...
a. Equipment with a book value of $81,000 and an original cost of $164,000 was sold at a loss of $36,000. b. Paid $109,000 cash for a new truck. c. Sold land costing $325,000 for $425,000 cash, yielding a gain of $100,000. d. Long-term investments in stock were sold for $91,400 cash, yielding a gain of $16,250. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus...
Exercise 12-8 Cash flows from investing activities LO P3 Equipment with a book value of $81,500...
Exercise 12-8 Cash flows from investing activities LO P3 Equipment with a book value of $81,500 and an original cost of $167,000 was sold at a loss of $34,000. Paid $106,000 cash for a new truck. Sold land costing $330,000 for $415,000 cash, yielding a gain of $85,000. Long-term investments in stock were sold for $92,100 cash, yielding a gain of $14,750. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated...
a. Equipment with a book value of $81,500 and an original cost of $166,000 was sold at a loss of $30,000. b. Paid $...
a. Equipment with a book value of $81,500 and an original cost of $166,000 was sold at a loss of $30,000. b. Paid $112,000 cash for a new truck c. Sold and costing $330,000 for $405,000 cash, yielding a gain of $75,000. d. Long-term investments in stock were sold for $90,700 cash, yielding a gain of $17,000. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus...
Equipment with a book value of $80,500 and an original cost of $163,000 was sold at...
Equipment with a book value of $80,500 and an original cost of $163,000 was sold at a loss of $34,000. Paid $106,000 cash for a new truck. Sold land costing $315,000 for $420,000 cash, yielding a gain of $105,000. Long-term investments in stock were sold for $92,100 cash, yielding a gain of $16,250. 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.)
Exercise 12-7 Cash flows from investing activities LO P3 a. Equipment with a book value of $81,500 and an original cost of $164,000 was sold at a loss of $32,000. b. Paid $100,000 cash for a new truck. c. Sold land costing $325,000 for $405,000 cash, yielding a gain of $80,000. d. Long-term investments in stock were sold for $92,100 cash, yielding a gain of $14,000. Use the above information to determine this company's cash flows from investing activities. (Amounts...
Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $82,500 and an original cost of $167,000 was sold at a loss of $33,000. b. Paid $106,000 cash for a new truck. c. Sold land costing $310,000 for $430,000 cash, yielding a gain of $120,000. d. Long-term investments in stock were sold for $91,400 cash, yielding again of $15,500 Use the above information to determine cash flows from investing activities. (Amounts to be deducted...
a. Equipment with a book value of $79,500 and an b. Paid $115,000 cash for a new truck c. Sold land costing $315,000 for $405,000 cash, yielding a gain of $90,000 d. Long-term investments in stock were sold for $94,900 cash, yielding a gain of $16,250 original cost of $169,000 was sold at a loss of $32,000. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus...
a. Equipment with a book value of $81,000 and an original cost of $164,000 was sold at a loss of $36,000. b. Paid $109,000 cash for a new truck. c. Sold land costing $325,000 for $425,000 cash, yielding a gain of $100,000. d. Long-term investments in stock were sold for $91,400 cash, yielding a gain of $16,250. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus...
a. Equipment with a book value of $81,500 and an original cost of $166,000 was sold at a loss of $30,000. b. Paid $112,000 cash for a new truck c. Sold and costing $330,000 for $405,000 cash, yielding a gain of $75,000. d. Long-term investments in stock were sold for $90,700 cash, yielding a gain of $17,000. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus...
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