Marshall Corporation's beginning plant asset balance, net of accumulated depreciation, was ($ 193,000), and the ending amount
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Marshall Corporation's beginning plant asset balance, net of accumulated depreciation, was \(\$ 193,000\), and the ending amount was \(\$ 176,000\). Marshall recorded depreciation of \(\$ 37,000\) and sold plant assets with a book value of \(\$ 9,000\). How much cash did Marshall pay to purchase plant assets during the period? Where on the statement of cash flows should Marshall report this item?
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Related Book For 
Financial Accounting
ISBN: 9780133118209
2nd Edition
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
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