Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000. Paid $89,000 cash for a n

Question

3 years ago

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Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000. Paid $89,000 cash for a n

ew truck. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000. Long-term investments in stock were sold for $60,800 cash, yielding a gain of $4,150. Use the above information to determine cash flows from investing activities.

Business

1 answer:

anzhelika [568] · Answer 1 · 2022-04-28T03:28:31+03:00

Answer:

Net cash provided by investing activities $221,100

Explanation:

The computation of the cash flows from investing activities is shown below:

Sale of equipment (65300 - 14000) 51300

Less: Purchase of new truck -89000

Add: Sale of land 198000

Add: Sale of Long-term investments 60800

Net cash provided by investing activities $221,100