Question
Governance Corporation uses the direct method when preparing its statement of cash flows. Governance sold equipment with a carrying amount of $13,000 at a loss
Governance Corporation uses the direct method when preparing its statement of cash flows. Governance sold equipment with a carrying amount of
$13,000
at a loss of
$3,000.
The amount to be reported on the statement of cash flows under "proceeds from the sale of capital assets" is _______.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Foster George, Srikand M. Datar, Maureen P. Gowing
5th Canadian Edition
0135004934, 978-0135004937
