Reporting changes in equipment on statement of cash flows Obj. 3 An analysis of the general ledger
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Reporting changes in equipment on statement of cash flows Obj. 3 An analysis of the general ledger accounts indicates that delivery equipment, which cost $75,000 and on which accumulated depreciation totaled $58,000 on the date of sale, was sold for $20,200 during the year. Using this information, indicate the items to be reported on the statement of cash flows.
AppendixLO1
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Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones
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