Exercise 12-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $81,000 and an original cost of $160,000 was sold at a loss of $33,000. b. Paid $115,000 cash for a...

12 ex 7

Extracted text: Exercise 12-9 (Algo) Cash flows from investing activities LO P3 a. Equipment with a book value of $81,000 and an original cost of $160,000 was sold at a loss of $33,000. b. Paid $115,000 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 $94,900 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 with a minus sign.) X Answer is not complete. Statement of Cash Flows (partial) Cash flows from investing activities Cash received from the sale of equipment 48,000 O Cash paid for new truck (115,000) O Cash received from the sale of land 425,000 Cash received from the sale of long-term stock investments 94,900 452,900