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Assume Amia Corporation completed the following transactions. B (Click the icon to view the transactions.) Requirement 1. For each transaction, show what Amia would report
Assume Amia Corporation completed the following transactions. B (Click the icon to view the transactions.) Requirement 1. For each transaction, show what Amia would report for investing activities on its statement of cash flows. Show negative amounts in parentheses. a. Sold a store building for $640,000. The building had cost Amia $1,200,000, and at the time of the sale, its accumulated depreciation totaled $560,000. Data Table a. Sold a store building for $640,000. The building had cost Amia $1,200,000, and at the time of the sale, its accumulated depreciation totaled $560,000. b. Lost a store building in a fire. The building cost $360,000 and had accumulated depreciation of $250,000. The insurance proceeds received by Amia totaled $210,000. c. Renovated a store at a cost of $140,000 (cash). d. Purchased store fixtures for $50,000 (cash). The fixtures are expected to remain in service for ten years and then be sold for $50,000. Amia uses the straight-line depreciation method. Print Done Choose from any list or enter
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