Question

uipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000. Paid $89,000 cash for a new truck. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000. Long-term investments in stock were sold for $60,800 cash, yielding a gain of $4,150.

Answer 1

$221,100

Step-by-step explanation:

Investing activities: It tracks activities that include buying and selling long-term assets. The buying is a cash outflow whereas the selling is a cash inflow

The computation is shown below

Cash flow from Investing activities

Add: Sale of equipment $51,300 ($65,300 - $14,000)

Less: Purchase value of a new truck - $89,000

Add: Sale of land $198,000

Add: Sale of long term investments $60,800

Net Cash flow from Investing activities $221,100