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Question 24 Linda Co. sold a machine that cost $78,900 and had a book value of $44,100 for $48,400. Data from Linda's comparative balance sheets
Question 24 Linda Co. sold a machine that cost $78,900 and had a book value of $44,100 for $48,400. Data from Linda's comparative balance sheets are: Machinery Accumulated depreciation 12/31/21 $807,000 185,500 12/31/20 $676,500 137,600 Complete the cash flow statement below. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Linda Co. Partial Statement of Cash Flows (Indirect Method) Cash flows from operating activities $ Cash flows from investing activities Sale of Machinery Gain on Sale of Machinery Depreciation Expense Loss on Sale of Machinery Purchase of Machinery
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