Question

During 2017, Blaine Company sold a building with a book value of $145,000 for proceeds of $175,000. The company also sold long-term investments for proceeds of $32,000. The company purchased land and a new building for $320,000 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2017 Compute net cash flows from investing activities. Net cash flows from investing__________-

Answer 1

Blaine Company`s Net cash flows from investing is $207000

Explanation :

Only Cash flow transactions relating to Investing Activities must be considered.

Calculations

Net cash flows from investing Activities

Proceeds from sale of Building $175000

Proceeds from sale of Long term Investment $ 32000

Cash Inflow from Investing Activities $207000