The Manhattan Corporation provided the following partial list of accounts,balances and activities for 2016:
Manhattan's income statement reported an $8,000 gain on sale of land that occurred when land that had cost $16,000 was sold for $24,000.The company also recorded a $10,000 loss on the sale of marketable securities.No additional marketable securities were purchased during the year.The company also sold equipment originally costing $6,000 with accumulated depreciation of $4,000 for $3,600.Purchases of additional land and equipment were cash transactions.
Required: Prepare the investing activities section of the statement of cash flows.

Question

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The Answer of The Manhattan Corporation provided the following partial list of accounts,balances and activities for 2016:
Manhattan's income statement reported an $8,000 gain on sale of land that occurred when land that had cost $16,000 was sold for $24,000.The company also recorded a $10,000 loss on the sale of marketable securities.No additional marketable securities were purchased during the year.The company also sold equipment originally costing $6,000 with accumulated depreciation of $4,000 for $3,600.Purchases of additional land and equipment were cash transactions.
Required: Prepare the investing activities section of the statement of cash flows.

The Manhattan Corporation Provided the Following Partial List of Accounts,balances