During 2010, Baxter Company Sold a Building with a Book

question 65

Essay

During 2010, 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 $45,000. 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 2010.
Instructions
Compute net cash flows from investing activities.

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Definitions:

Dissociative Disorders

A category of mental health disorders characterized by a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Almost Meets

A performance category indicating that an individual or entity is approaching the expected standards or criteria, but has not fully achieved them yet.

Criteria

Standards or principles on which judgments or decisions are based.