a. Equipment with a book value of $80,500 and an original cost of $166,000 was sold at a loss of $34,000. b. Paid $106,000 cash for a new truck. c. Sold land costing $325,000 for $400,000 cash, yielding a gain of $75,000. d. Stock investments were sold for $96,300 cash, yielding a gain of $14,000. 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 $80,500 and an original cost of $166,000 was sold at a loss of $34,000. b. Paid $106,000 cash for a new truck. c. Sold land costing $325,000 for $400,000 cash, yielding a gain of $75,000. d. Stock investments were sold for $96,300 cash, yielding a gain of $14,000. 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
a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000. b. Paid $89,000 cash for a new truck. c. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000. d. Stock investments were sold for $60,800 cash, yielding a gain of $4,150. 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 Cash paid for new truck Cash received from the sale of equipment Cash received from the sale of land Cash received from the sale of stock investments
a. Equipment with a book value of $81,000 and an original cost of $167,000 was sold at a loss of $37,000. b. Paid $115,000 cash for a new truck. c. Sold land costing $325,000 for $415,000 cash, yielding a gain of $90,000. d. Stock investments were sold for $97,000 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.) Statement of Cash Flows (partial) Cash flows from investing activities B F8 수 F9 4 F10 Co
A. Sold land costing $315,000 for $400,000 cash, yielding a gain of $85,000. B. Paid $106,000 cash for a new truck. C. Equipment with a book value of $80,500 and an original cost of $165,000 was sold at a loss of $34,000. D. Long-term investments in stock were sold for $94,700 cash, yielding a gain of $15,750. Use the above information to determine this company's cash flows from investing activities.
Assume a company did not purchase any equipment during the year, but it did sell a piece of equipment that had an original cost of $500,000 and accumulated depreciation of $300,000. The gain on the sale was $25,000. Based solely on the information provided, the company’s net cash provided by (used in) investing activities would be: Multiple Choice $200,000. $225,000. $250,000. $275,000.
Phelm Corporation sold a piece of equipment for cash and recognized a gain of $5,000. The original cost was $34,000 and the accumulated depreciation just prior to the sale totaled $19,000. What amount will appear in the investing activities section of the statement of cash flows? $20,000 $54,000 $10,000 $15,000
Equipment with a book value of $80,000 and an original cost of $166,000 was sold at a loss of $37,000. Paid $100,000 cash for a new truck. Sold land costing $320,000 for $420,000 cash, yielding a gain of $100,000. Long-term investments in stock were sold for $94,900 cash, yielding a gain of $14,750. 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.)
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Macey Co. exchanged a piece of equipment that had cost $40,000 (now 75% depreciated) for a truck with a current appraised value of $15,000. Macey Co. gave the other company the piece of equipment and $8,000. Macey Co. should record a. a $3,000 lossb. the truck at $18,000c. a gain of $11,000d. the truck at $23,000