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Accounting questions. Use the information provided to answer the following questions. The following are the ledger accounts as they looked after transactions for the year
Accounting questions.
Use the information provided to answer the following questions. The following are the ledger accounts as they looked after transactions for the year had been reported. Note that some entries were omitted. Accumulated denreciation - Machinerv 8. How much was the cost of machinery acquired during the period (assuming cash purchases)? 9. How much was net book value of machinery sold at a date of sale (right before the recognition)? 10. How much was the depreciation expense that would be added back to net income in computing cash from operations in the cash flow statement under the indirect method? 11. How much is total cash flow for the periodStep by Step Solution
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