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The following financial statements and additional information are reported. (Also click on the Cash flow from sale of equip, Statement of cash flows, and Cash
The following financial statements and additional information are reported. (Also click on the Cash flow from sale of equip, Statement of cash flows, and Cash Flow Items Tabs below.) Additional Information a. A $30,000 notes payable is retired at its $30,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. fx Accessibility tab summary: List of Requirement 1 is provided from A B C D E 1 REQUIRED: (1) Compute the amount of cash received from the sale of equipment. Students: The scratchpad area is for you to do any additional work you need to solve this question Nothing in this area will be graded, but it will be submitted with your assignment. n-n
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