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I need help with explaination on how to figure out the cash flow from sale of equipment The T-accounts for Equipment and the related Accumulated
I need help with explaination on how to figure out the cash flow from sale of equipment
The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end of 2014 are shown here. In addition, Luo Company's income statement reported a loss on the disposal of equipment of $5,500. What amount was reported on the statement of cash flows as ''cash flow from sale of equipment''? Cash flow from sale of equipment $Step by Step Solution
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