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Computing Net Cash Flow Investing Activities

Davis Inc., reported the following information for equipment:

	12/31/2011	12/31/2010
Equipment	$160,000	$115,000
Accumulated depreciation	(85,000)	(59,000)
Long-term investment	18,610	10,000

In addition, Davis and equipment costing $12,500 with accumulated depreciation of $6,750 for $2,390 cash, producing a $3,360 loss. Davis reported net income for 2011 of $122,350.

Compute net cash flow from investing activities. Enter a negative cash flow as a negative number.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91644866

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