Use the Following Company Information to Calculate Net Cash Provided

question 18

Essay

Use the following company information to calculate net cash provided or used by investing activities:
(a) Equipment with a book value of $175,000 and an original cost of $300,000 was sold at a loss of
$17,000.
(b) Paid $62,000 cash for a new truck.
(c) Sold land costing $32,000 for $36,000 cash, realizing a $4,000 gain.
(d) Purchased treasury stock for $61,000 cash.
(e) Long-term investments in stock are sold for $41,000 cash, realizing a gain of $3,500.

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Definitions:

Reliabilities

Reliability refers to the consistency and dependability of a system or process to perform its intended function under specified conditions over a certain period.

Backup

The act of copying data, files, or systems to a secondary location for preservation in case of failure or loss of the original.

Reliability

The measure of the probability that a system or component functions without failure under specified conditions for a specified period of time.

Functionality

Refers to the range of operations that can be performed by a product or a system.