Reporting changes in equipment on statement of cash flows An analysis of the general ledger accounts indicates that officer equipment which cost $89,000 and on which accumulated depreciation totaled $36,000 on the date of sale, was sold for $43,500 during the year. Using this information. Indicate the items to be reported on the statement of cash flows.
Reporting changes in equipment on statement of cash flows An analysis of the general ledger accounts indicates that officer equipment which cost $89,000 and on which accumulated depreciation totaled $36,000 on the date of sale, was sold for $43,500 during the year. Using this information. Indicate the items to be reported on the statement of cash flows.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 8E: Reporting changes in equipment on statement of cash flows An analysis of the general ledger accounts...
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Reporting changes in equipment on statement of cash flows
An analysis of the general ledger accounts indicates that officer equipment which cost $89,000 and on which accumulated depreciation totaled $36,000 on the date of sale, was sold for $43,500 during the year. Using this information. Indicate the items to be reported on the statement of cash flows.
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