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:

Inappropriately

In a manner that is not suited to the circumstances or conditions; improperly.

Marginal Coping Skills

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Psychological distress stemming from events experienced during childhood, which can lead to long-term mental and physical health issues.

Risk for Violence

The potential or likelihood of a person to exhibit behaviors that could cause harm to themselves or others.