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Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that office equipment, which cost $245,000 and on
Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that office equipment, which cost $245,000 and on which accumulated depreciation totaled $112.500 on the date of sale, was sold for $105,900 during the year. Using this information, indicate the items to be reported on the statement of cash flows. Transactions Section of Statement of Cash Flows Added or Deducted $245,000 cost of office equipment $112,500 accumulated depreciation $105,900 sales price $26,600 loss on sale of equipment (assume the indirect method is used) Calculator Print Item Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that office equipment, which cost $245,000 and on which accumulat date of sale, was sold for $105,900 during the year. Added or Deducted Using this information, indicate the items to be reported on the statement of cash flows. Transactions Section of Statement of Cash Flows $245,000 cost of office equipment $112,500 accumulated depreciation Cash flows from financing activities $105,900 sales price Cash flows from investing activities $26,600 loss on sale of equipment Cash flows from operating activities (assume the indirect method is used) Not shown on statement An analysis of the general ledger accounts indicates that office equipment, which cost $245,000 and on which accumu date of sale, was sold for $105,900 during the year. Using this information, indicate the items to be reported on the statement of cash flows. Transactions Section of Statement of Cash Flows Added or Deducted $245,000 cost of office equipment $112,500 accumulated depreciation Added $105,900 sales price Deducted $26,600 loss on sale of equipment Not applicable (assume the indirect method is used) - quipiert, WLLUSL $245,000 and on which accumulad date of sale, was sold for $105,900 during the year. Using this information, indicate the items to be reported on the statement of cash flows. Transactions Section of Statement of Cash Flows Added or Deducted $245,000 cost of office equipment $112,500 accumulated depreciation $105,900 sales price $26,600 loss on sale of equipment (assume the indirect method is used) Cash flows from financing activities Cash flows from investing activities Cash flows from operating activities Not shown on statement
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