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.

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.

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 7E

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