During 2014, Baxter Company Sold a Building with a Book

question 12

Essay

During 2014, Baxter Company sold a building with a book value of $145,000 for proceeds of $162,000. The company also sold long-term investments for proceeds of $35,000. The company purchased land and a new building for $320,000 by signing a non-current note payable. No other transactions impacted non-current asset accounts during 2014.
Instructions
Compute net cash flows from investing activities.

---

Definitions:

Minimum Wage

The minimum wage permitted by law that employers can pay their employees, whether it's calculated by the hour, day, or month.

Backward-Bending Labor Supply Curve

As the wage rate rises, more and more people are willing to work longer and longer hours up to a point. They will then substitute more leisure time for higher earnings.

Hourly Wage

Compensation paid based on the number of hours worked, typically expressed as a rate per hour.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, often used as an indicator of inflation.