The T-accounts for Equipment and the related Accumulated Depreciation for Stone Kitchen Equipment Company at the end

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The T-accounts for Equipment and the related Accumulated Depreciation for Stone Kitchen Equipment Company at the end of 2004 are as follows. LO3 Equipment Accumulated Depreciation Beg. bal. 80,000 Disposals 22,000 Disposals 5,500 Beg. bal. 44,500 Acquisitions 41,600 Depr. 12,000 End. bal. 99,600 End. bal. 51,000 Stone Kitchen Equipment Company’s income statement reported a loss on the sale of equipment of $4,900. What amount was reported on the statement of cash flows as “cash flow from sale of equipment”?

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Hospitality Financial Accounting

ISBN: 9780471270553

1st Edition

Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel, Agnes L DeFranco

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