Question
Stewart Export Co. had the following statement of cash flows for the year ended 03/31/15: ($ million) Year ended 03/31/15 Net Income 1100 Depreciation 200
Stewart Export Co. had the following statement of cash flows for the year ended 03/31/15:
($ million) | Year ended 03/31/15 |
Net Income | 1100 |
Depreciation | 200 |
Loss on equipment sales | 400 |
Change in Accounts Receivable | 350 |
change In Stock | (200) |
Change in Other Current Assets | 100 |
change into accounts payable | (50) |
change in other accounts payable | 150 |
Net cash from operations | 2050 |
capital expenditures | (1200) |
Equipment sale | 700 |
Net cash from investment | (500) |
What was the book value of the equipment Stewart sold during the year ending 03/31/15?
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Cornerstones of Financial and Managerial Accounting
Authors: Rich Jones, Mowen, Hansen, Heitger
1st Edition
9780538751292, 324787359, 538751290, 978-0324787351
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