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The T accounts for equipment and accumulated depreciation for Blossom Ltd. are shown here: Equipment Beg. bal. 80,000 Disposals 20,000 Acquisitions 40,000 End bal. 100,000
The T accounts for equipment and accumulated depreciation for Blossom Ltd. are shown here: Equipment Beg. bal. 80,000 Disposals 20,000 Acquisitions 40,000 End bal. 100,000 Accumulated Depreciation-Equipment Disposals 5,000/ Beg. bal. 44,000 Depreciation 20,000 End bal. 59,000 In addition, Blossom's income statement reported a $1,000 loss on the disposal of equipment. What amount was reported on the statement of cash flows as "cash provided by disposal of equipment"? Cash provided by disposal of equipment $ In what section of the statement of cash flows would the effects of this disposal transaction be reported? for cash provided by disposal of equipment for loss on disposal for for Non cash activities Financing activities Investing activities Operating activities To MAAJ
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