Reporting changes in equipment on statement of cash flows OBJ. 2 An analysis of the general ledger
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Reporting changes in equipment on statement of cash flows OBJ. 2 An analysis of the general ledger accounts indicates that delivery equipment, which cost
$80,000 and on which accumulated depreciation totaled $36,000 on the date of sale, was sold for $37,200 during the year. Using this information, indicate the items to be reported on the statement of cash flows.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac
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