Question
The T accounts for equipment and the related accumulated depreciation for Carla Vista Corporation are as follows: Equipment Beg. bal. Purchases End. bal, 80,000 41.600
The T accounts for equipment and the related accumulated depreciation for Carla Vista Corporation are as follows: Equipment Beg. bal. Purchases End. bal, 80,000 41.600 Disposals 97.930 Accumulated Depreciation-Equipment Beg, bal 44,500 23,670 Disposals 5.120 Depreciation End. bal, 12,170) 51,550 In addition, Carla Vista's income statement reported a loss on the sale of equipment of $1,470. What will be reported on the cash flow statement with regard to the sale of equipment if Carla Vista uses the indirect method? (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000)) Operating activities: $ Investing activities: $
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