Question
Lisa Co. sold a machine that cost $80,000 and had book value of b$44000 for 46,800. Data from Lisa's comparative balance sheets are: 12/31/21 12/31/20
Lisa Co. sold a machine that cost $80,000 and had book value of b$44000 for 46,800. Data from Lisa's comparative balance sheets are:
12/31/21 12/31/20
Machinery $784000 $657500
Accumulated depreciation 184000 137300
Complete the cash flow statement below:
Lisa Co.
Partial statement of Cash Flows (Indirect Method)
Cash Flows from operating activities
| Partial Statement of Cash Flows | |
| Cash Flows from Operating Activities | |
| Depreciation expense | |
| Gain on sale of machinery | |
| Cash flows from Investing activities | |
| Sale of machinery | |
| Purchase of machinery | |
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
