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.

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Definitions:

Machismo

A cultural attitude or behavior marked by strong or aggressive masculine pride.

Complex and Distorted

Describes situations or information that are complicated and not presented in a clear, accurate manner.

Ethnocentric Intergroup Attribution

The tendency to attribute positive behaviors and outcomes to one's own group and negative behaviors and outcomes to other groups based on ethnic or cultural biases.

Actor-Observer Effect

This effect describes how an individual tends to attribute their own actions primarily to external factors, yet credits the actions of others to their inherent traits.