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Brief Exercise 12-7 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Pharoah Company at the end of 2017 are shown here Beg. bal.
Brief Exercise 12-7 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Pharoah Company at the end of 2017 are shown here Beg. bal. Acquisitions End. bal Equipment 207,760 Disposals 108,035 258,661 57,134 Accum. Depr.-Equipment 13,245 Beg. bal. 115,567 31,164 Disposals Depr.exp. End. bal In addition, Pharoah Company's income statement reported a loss on the disposal of plant assets of $9,090. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Cash flow from sale of equipment Click if you would like to Show Work for this question: Qpen Show Work
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