An analysis of the general ledger accounts indicates that delivery equipment, which cost $96,000 and on which
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An analysis of the general ledger accounts indicates that delivery equipment, which cost $96,000 and on which accumulated depreciation totaled $42,100 on the date of sale, was sold for $46,500 during the year. Using this information, indicate the items to be reported on the statement of cashflows.
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Loss on sale is added to net income for 7400 Depreciation is added ba...View the full answer
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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