Question
Hudson Golf Club sold plant assets at 16,000 loss. where on the statement of cash flows report the sell of plant assets. How much should
Hudson Golf Club sold plant assets at 16,000 loss. where on the statement of cash flows report the sell of plant assets. How much should the business report for the sell
| Plant Assets | |||||
| Beg. | 109,000 |
|
|
| |
| Acquisitions | 422,000 |
|
| 53,000 | Disposals |
| End. | 478,000 |
| |||
| Accumulated DepreciationPlant Assets | |||||
|
|
|
| 21,500 | 12/31/2015 | |
| Disposals | 11,000 |
|
| 33,000 | Depr. Exp. |
|
|
|
| 43,500 | 12/31/2016 | |
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Modern Internal Auditing An Operational Approach
Authors: Victor Zinn Brink
3rd Edition
0471065242, 978-0471065241
