A machine with a cost of $148,000 and accumulated depreciation of $94,000 is sold for $68,000 cash. The cash flow amount that should be reported in the operating activities section reported under the direct method is:

A machine with a cost of $148,000 and accumulated depreciation of $94,000 is sold for $68,000 cash. The cash flow amount that should be reported in the operating activities section reported under the direct method is:

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 3GI: Thompson Company sold a piece of equipment that had an original cost of 22,000 and a carrying value...

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A machine with a cost of $148,000 and
accumulated depreciation of $94,000 is
sold for $68,000 cash. The cash flow
amount that should be reported in the
operating activities section reported under
the direct method is:

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