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Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778 Exercise 8
Cash Flows from Investing Activities
Sorensen Company provides the following information related to its investing and financing activities for the current year:
a. Calculate the net amount of cash provided by or used for investing activities for the year.
b. What impact, if any, do the following facts have on your calculation? ( 1 ) Equipment was sold at a $34,000 loss, and ( 2 ) land was sold at a $50,000 gain.
c. Briefly explain your decision to exclude any of the items listed above if they were not included in your calculation in part a.
Sorensen Company provides the following information related to its investing and financing activities for the current year:
a. Calculate the net amount of cash provided by or used for investing activities for the year.
b. What impact, if any, do the following facts have on your calculation? ( 1 ) Equipment was sold at a $34,000 loss, and ( 2 ) land was sold at a $50,000 gain.
c. Briefly explain your decision to exclude any of the items listed above if they were not included in your calculation in part a.
Explanation
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Cash flow statement: A cash flow stateme...
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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