Question

A. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000.

b. Paid $89,000 cash for a new truck.
c. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000.
d. Long-term investments in stock were sold for $60,800 cash, yielding a gain of $4,150. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from investing activities Cash received from the sale of equipment Cash paid for new truck Cash received from the sale of land (89,000) 198,000 Cash received from the sale of long-term investments Net cash provided by investing activities 60,800 $ 169,800

Answer 1

$221,100

Step-by-step explanation:

Net cash provided by investing activities:

= Sale of equipment - Purchase of new truck + Sale of land + Sale of Long-term investments

= ($65,300 - $14,000) - $89,000 + $198,000 + $60,800

= $51,300 - $89,000 + $198,000 + $60,800

= $221,100

Therefore, the company's cash flows from investing activities is $221,100.