Question
QUESTION 3 Calculations for statement of cash flows.?During 2015 equipment was sold for $73,000. This equipment cost $120,000 and had a book value of $72,000.
QUESTION 3
Calculations for statement of cash flows.?During 2015 equipment was sold for $73,000. This equipment cost $120,000 and had a book value of $72,000. Accumulated depreciation for equipment was $325,000 at 12/31/14 and $310,000 at 12/31/15.? ?
Instructions?What three items would be shown on a statement of cash flows (indirect method) from this information? Show your calculations.?
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Edition
047116920X, 978-0471169208
