Assume Thomas Manufacturing Corporation completed the following transactions: a. Sold a store…

Assume Thomas Manufacturing Corporation completed the following transactions: a. Sold a store building for $600,000. The building had cost Thomas Manufacturing $ 1,300,000, and at the time of the sale, its accumulated depreciation totaled $700,000. b. Lost a store building in a fire. The building cost $340,000 and had accumulated depreciation of $160,000. The insurance proceeds received by Thomas Manufacturing totaled $130,000. c. Renovated a store at a cost of $140,000 (cash). d. Purchased store fixtures for $130,000 (cash). The fixtures are expected to remain in service for ten years and then be sold for $30,000. Thomas Manufacturing uses the straight-line depreciation method. For each transaction, show what Thomas Manufacturing would report for investing activities on its statement of cash flows. Show negative amounts in parentheses?

 

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