(Solution) - Use the following information to determine this company cash -(2025 Original AI-Free Solution)
Paper Details
Use the following information to determine this company?s cash flows from investing activities.
a. Equipment with a book value of $72,500 and an original cost of $158,000 was sold at a loss of $22,000.
b. Paid $95,000 cash for a new truck.
c. Sold land costing $315,000 for $400,000 cash, yielding a gain of $15,000.
d. Long-term investments in stock were sold for $94,700 cash, yielding a gain of $5,750.