During 2014, Baxter Company sold a building with a book value of $145,000 for proceeds of $162,000. The company also sold long-term investments for proceeds of $35,000. The company purchased land and a new building for $320,000 by signing a non-current note payable. No other transactions impacted non-current asset accounts during 2014.
Instructions
Compute net cash flows from investing activities.

Question

Quizplus · Accepted Answer

The Answer of During 2014, Baxter Company sold a building with a book value of $145,000 for proceeds of $162,000. The company also sold long-term investments for proceeds of $35,000. The company purchased land and a new building for $320,000 by signing a non-current note payable. No other transactions impacted non-current asset accounts during 2014.
Instructions
Compute net cash flows from investing activities.

During 2014, Baxter Company Sold a Building with a Book