Question
a. Equipment with a book value of $79,000 and an original cost of $165,000 was sold...
a. Equipment with a book value of $79,000 and an original cost of $165,000 was sold at a loss of $37,000.
b. Paid $100,000 cash for a new truck.
c. Sold land costing $320,000 for $420,000 cash, yielding a gain of $100,000.
d. Long-term investments in stock were sold for $92,800 cash, yielding a gain of $14,750.
Use the above information to determine this company's cash flows from investing activities.
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
Cash flows from investing activities: a. Equipment with a book value of $79,000 and an original...
Cash flows from investing activities:
a.
Equipment with a book value of $79,000 and an original cost of
$166,000 was sold at a loss of $31,000.
b.
Paid $109,000 cash for a new truck.
c.
Sold land costing $320,000 for $415,000 cash, yielding a gain
of $95,000.
d.
Long-term investments in stock were sold for $97,700 cash,
yielding a gain of $16,250.
Use the above information to determine this company's cash flows
from investing activities. (Amounts to be deducted...
During the year, Blaylock Company sold equipment with a book value of $280,000 for $380,000 (original...
During the year, Blaylock Company sold equipment with a book
value of $280,000 for $380,000 (original purchase cost of
$480,000). New equipment was purchased. Blalock provided the
following comparative balance sheets:
Blaylock Company
Comparative Balance
Sheets
At December
31, 2013 and 2014
2013
2014
Long-Term Assets:
Plant and equipment
$2,200,000
$2,150,000
Accumulated depreciation
(1,200,000)
(1,270,000)
Land
1,000,000
1,437,500
Required: Calculate the investing cash flows for the current
year.
During 2018 equipment was sold for $79,000. This equipment cost $128,300 and had a book value...
During 2018 equipment was sold for $79,000. This equipment cost
$128,300 and had a book value of $67,700. Accumulated depreciation
for equipment was $339,100 at 12/31/17 and $314,200 at
12/31/18.
compute cash flow statement
vDuring 2021 equipment was sold for $74,000. This equipment cost $112,000 and had a book value...
vDuring 2021 equipment was sold for $74,000. This equipment cost
$112,000 and had a book value of $69,700. Accumulated depreciation
for equipment was $323,300 at 12/31/20 and $306,200 at
12/31/21.
Complete the cash flow statement below: (Show amounts
that decrease cash flow with either a - sign e.g. -15,000 or in
parenthesis e.g. (15,000).)
Partial Statement of Cash Flows (Indirect
Method)
...
1. Land costing $78,600 was sold for $92,800 cash. The gain on the sale was reported...
1. Land costing $78,600 was sold for $92,800 cash. The gain on
the sale was reported on the income statement as other revenue. On
the statement of cash flows, what amount should be reported as an
investing activity from the sale of land?
a.$171,400
b.$78,600
c.$92,800
d.$14,200
2. A building with a book value of $35,143 is sold for $56,651
cash. Using the indirect method, this transaction should be shown
on the statement of cash flows as an increase of...
Investing and Financing Cash Flows During the year, Paxon Corporation's Long-Term Investments account (at cost) increased...
Investing and Financing Cash Flows During the year, Paxon
Corporation's Long-Term Investments account (at cost) increased
$15,000, the net result of purchasing stocks costing $80,000 and
selling stocks costing $65,000 at a $6,000 loss. Also, the Bonds
Payable account decreased by $40,000, the net result of issuing
$110,000 of bonds at 103 and retiring bonds with a face value (and
book value) of $150,000 at a $9,000 gain. What items and amounts
will appear in the
(a) cash flows from...
An analysis of the general ledger accounts indicates that equipment, with an original cost of $200,000...
An analysis of the general ledger accounts indicates that
equipment, with an original cost of $200,000 and accumulated
depreciation of $170,000 on the date of sale, was sold for $20,000
during the year. Using this information, indicate the items to be
reported on the statement of cash flows using the indirect
method.
Cash flows from operating activities:
$
Cash flows from investing activities:
$
Here is selected financial statement data regarding a company's property, plant, and equipment. Balance Sheet: Dec....
Here is selected financial statement data regarding a company's
property, plant, and equipment.
Balance Sheet:
Dec. 31, 2018
Dec. 31, 2017
Property, plant, and equipment
$ 193,000
$ 188,000
Accumulated depreciation
75,000
37,000
Income Statement:
2018
Depreciation expense
$ 58,000
Gain on sale of property, plant, and equipment
4,000
During the year, PPE with a book value of $48,000 were sold.
In the statement of cash flows, the investing activities
section should show a cash disbursement for "purchases of property,...
The following selected account balances relate to the property, plant, and equipment accounts of Blossom Inc.:...
The following selected account balances relate to the property,
plant, and equipment accounts of Blossom Inc.:
2018
2017
Accumulated
depreciation—buildings
$335,000
$300,000
Accumulated
depreciation—equipment
144,000
95,000
Depreciation
expense—buildings
35,000
35,000
Depreciation
expense—equipment
60,000
49,000
Land
100,000
60,000
Buildings
700,000
700,000
Equipment
300,000
240,000
Gain on disposal (equipment)
4,000
0
Additional information:
1.
Purchased $40,000 of land for cash.
2.
Purchased $75,000 of equipment for a $10,000 down payment,
financing the remainder with a bank loan. Equipment was also sold
during...
Wisconsin Farm Equipment Company sold equipment for cash. The income statement shows a loss on the...
Wisconsin Farm Equipment Company sold equipment for cash. The
income statement shows a loss on the sale of
$6,000.
The net book value of the asset was
$30,900.
Which of the following statements describes the cash effect of
the transaction?
A.negative cash flow of
$24,900
for financing activities
B.positive cash flow of
$24,900
from investing activities
C.negative cash flow of
$24,900
for operating activities
D.positive cash flow of
$36,900
from financing activities
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 8 minutes ago
asked 11 minutes ago
asked 24 minutes ago
asked 26 minutes ago
asked 31 minutes ago
asked 35 minutes ago
asked 41 minutes ago
asked 47 minutes ago
asked 56 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago