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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Aug 2017 My Price 8.00

Davis Inc

Cornerstone Exercise 11-20 COMPUTING NET CASH FLOW FROM INVESTING  ACTIVITIES

Davis Inc. reported the following information for equipment:

 

12/31/2009            12/31/2008

 

Equipment

$160,000

$115,000

Accumulated  depreciation

(85,000)

(59,000)

Long-term investment

10,000

14,600

 

 

In addition, Davis sold equipment costing $10,000 with accumulated depreciation of

$8,000 for $2,200 cash, producing a $200 gain. Davis reported net income for 2009 of

$110,000.

Required:

Compute net cash flow from investing activities.

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Aug 2017 11:08 PM My Price 8.00

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