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The T accounts for equipment and the related accumulated depreciation for Cullumber Corporation are as follows: In addition, Cullumber's income statement reported a loss on
The T accounts for equipment and the related accumulated depreciation for Cullumber Corporation are as follows: In addition, Cullumber's income statement reported a loss on the sale of equipment of $1,580. What will be reported on the cash flow statement with regard to the sale of equipment if Cullumber uses the indirect method? (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000). In addition, Cullumber's income statement reported a loss on the sale of equipment of $1,580. What will be reported on the cash flo statement with regard to the sale of equipment if Cullumber uses the indirect method? (Show amounts that decrease cash flow w either a - sign e.g. 15,000 or in parenthesis e.g. (15,000). Operating activities: $ Investing activities: $
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