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Printem Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that office equipment, which cost $202,500 and
Printem Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that office equipment, which cost $202,500 and on which accumulated depreciation totaled $84,375 on the date of sale, was sold for 5101,250 during the year. Using this information, indicate the items to be reported on the statement of cash flows. Transaction Section of Statement of Cash Flows Added or Deducted $202,500 cost of office equipment Cash flows from investing activities X Deducted 564,375 accumulated depreciation Not shown on statement Not applicable $101,250 sales price Cash flows from operating activities X Deducted X $16,875 loss on sale of equipment Cash flows from operating activities Added (assume the indirect method is used) Cash flows from financing activities Feedback Cash flows from investing activities Cash flows from operating activities would this be? How much cash was received from the Not shown on statement Cash flows from operating activities resbor r ecerectome
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