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Brief Exercise 12-07 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Kingbird, Inc. at the end of 2020 are shown here. 20,100 Equipment
Brief Exercise 12-07 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Kingbird, Inc. at the end of 2020 are shown here. 20,100 Equipment Beg. bal. 78,400 Disposals Acquisitions 45,400 End. bal. 103,700 Accumulated Depreciation Equipment Disposals 8,300 Beg. bal. Depr. exp. 46,900 11,200 49,800 End. bal. In addition, Kingbird, Inc.'s income statement reported a loss on the disposal of plant assets of $6,400. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show an amount that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cash flow from sale of equipments Click if you would like to Show Work for this question: Open Show Work
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