Question
Milner Co. sold a machine that cost $79,000 and had a book value of $45,000 for $48,000. Data from Milner's comparative balance sheets are: 12/31/20
Milner Co. sold a machine that cost $79,000 and had a book value of $45,000 for $48,000. Data from Milner's comparative balance sheets are:
12/31/20 12/31/19
Machinery $800,000 $670,000
Accumulated depreciation 190,000 136,000
Instructions
What four items should be shown on a statement of cash flows (indirect method) from this information? Show your calculations.
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The Essential Controller An Introduction To What Every Financial Manager Must Know
Authors: Steven M. Bragg
2nd Edition
1118169972, 9781118169971
