An analysis of the general ledger accounts indicates that office equipment, which cost $144,000 and on which
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An analysis of the general ledger accounts indicates that office equipment, which cost $144,000 and on which accumulated depreciation totaled $60,000 on the date of sale, was sold for $72,000 during the year. Using this information, indicate the items to be reported on the statement of cash flows.
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Cost of equipment 144000 Accumulated depreciation 60000 Book value Cost of equipment Accu...View the full answer
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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