Use the following company information to calculate net cash provided or used by investing activities:(a) Equipment with a book value of $175,000 and an original cost of $300,000 was sold at a loss of $17,000.(b) Paid $62,000 cash for a new truck.(c) Sold land costing $32,000 for $36,000 cash, realizing a $4,000 gain.(d) Purchased treasury stock for $61,000 cash.(e) Long-term investments in stock are sold for $41,000 cash, realizing a gain of $3,500.
What will be an ideal response?
| Cash flows from investing activities: | ? | |
| Cash received from sale of equipment | $158,000 (a) | |
| Cash paid for purchase of truck | (62,000) | |
| Cash received from sale of land | 36,000 | |
| Cash received from sale of long-term | ? | |
| Investments | 41,000 | |
| Net cash provided by investing activities | $173,000 | |
| (a) | Book value of equipment | $175,000 |
| ? | Loss realized on sale | 17,000 |
| ? | Cash received on sale | $158,000 |
Business
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