Use the Following Company Information to Calculate Its Net Cash

question 93

Essay

Use the following company information to calculate its net cash provided or used by investing activities:
(a)Equipment with a book value of $125,000 and an original cost of $220,000 was sold at a gain of $22,000.
(b)Paid $49,000 cash for a new truck.
(c)Sold land costing $30,000 for $26,000 cash,realizing a $4,000 loss.
(d)Purchased treasury stock for $53,000 cash.
(e)Long-term investments in stock are sold for $41,000 cash,realizing a gain of $3,500.

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Definitions:

Cost Variance

The difference between the actual cost incurred for a particular activity or production and its standard or budgeted cost.