The sale of equipment for an amount of cash greater than the book value of the equipment
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The sale of equipment for an amount of cash greater than the book value of the equipment results in a cash receipt equal to the book value of the equipment plus the gain on the sale.
which appears in income. How might the accountant treat this transaction in the statement of cash flows? Consider both the direct and indirect methods.
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Related Book For 
Financial Accounting Introduction To Concepts Methods And Uses
ISBN: 9780324222975
11th Edition
Authors: Clyde P. Stickney, Roman L. Weil
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