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Not sure if this accounting question is done right. Selected accounts from the SFP of Lexy Limited at 3 1 December 2 0 X 7
Not sure if this accounting question is done right.
Selected accounts from the SFP of Lexy Limited at December X and X are presented below. During the year, equipment with an original cost of $ and net book value of $ was sold at a loss of $ Other equipment was purchased for cash.
Required: square
List the items that would be included in the SCF from these accounts for X Assume indirect method is used to calculate operating activities section.
Below Operation activities:
Account choices are: Loss or Profit
Below As on X
Account choices are: Less: Cost of Equipment or Add: Cost of Equipment Cash Received for equipment:
Below As on x
Account choices are: Loss or Profit
Cash paid for equipment:
Below As on X
Account choices are: Less: Cost of Equipment or Add: Cost of Equipment
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