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A5-17 Statement of Cash Flows-Optional Spreadsheet: a. Equipment costing $60,000 with a book value on $20,000 was sold at book value. New equipment was also
A5-17 Statement of Cash Flows-Optional Spreadsheet: a. Equipment costing $60,000 with a book value on $20,000 was sold at book value. New equipment was also purchased; common shares were issued in partial payment. b. The bonds were repaid at maturity; $2,000 of bond discount was amortized in 205 prior to the maturity date. Required: Prepare the 20X5 SCF, indirect method, for Sells Co. Omit separate disclosure of cash paid for income tax and interest in the operating activities section. The solution to this assignment features an optional spreadsheet
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