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Following is select information for Bell Company: 2020 Income Statement Depreciation Expense on Buildings $100 Loss on Sale of Building $ 60 December 31, 2019
Following is select information for Bell Company: 2020 Income Statement Depreciation Expense on Buildings $100 Loss on Sale of Building $ 60 December 31, 2019 December 31, Balance Sheet 2020 Buildings $740 $680 Accumulated Depreciation on Buildings ($200) ($220) During 2020, Bell sold for cash a building that had cost $180 and had a book value of $100. Bell also purchased for cash a building. Identify the items below that are TRUE. The operating section (indirect method) of the 2020 Cash Flow Statement included "Addback the Loss on Sale of Building of $60" The operating section (indirect method) of the 2020 Cash Flow Statement included "Add the Increase in Buildings of $60" The investing section of the 2020 Cash Flow Statement included "Sale of Building for $40 in Cash" The operating section (indirect method) of the 2020 Cash Flow Statement included "Addback the Depreciation Expense on Buildings of $100" The investing section of the 2020 Cash Flow Statement included "Purchase of Building for $120 in Cash
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