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 |
| ? | ? | ? |
You might also like to view...
There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for customers?
A. Reliable contracts B. Professional associations C. Fair compensation D. Exceptional customer service
Selective presentation can be used to lead the other party to form the desired impression of your resistance point or to open up new possibilities for agreement that are more favorable to the presenter than those that currently exist.
Answer the following statement true (T) or false (F)
Leaders must have which of the following traits or competencies?
A) Self-understanding B) High energy C) Integrity D) All of the above
While all actions that are ethical are legal, some actions that are legal may not be ethical
Indicate whether the statement is true or false