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The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Kingbird, Inc. at the end of 2022 are shown here. Beg. bal. Acquisitions End. bal.
The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Kingbird, Inc. at the end of 2022 are shown here. Beg. bal. Acquisitions End. bal. Disposals Equipment 128,000 Disposals 66,560 159,360 Accum. Depr.-Equipment Beg. bal. Depr. exp. 8,160 End. bal. Cash flow from sale of equipment 35,200 71,200 19,200 82,240 In addition, Kingbird, Inc.'s income statement reported a loss on the disposal of plant assets of $5,600. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Kingbird, Inc. at the end of 2022 are shown here. In addition, Kingbird, Inc's income statement reported a loss on the disposal of plant assets of $5,600. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amounts that decrease cash flow with elther a - sign eg - 15,000 or in porentheises. (15,000)N Cashflow from sale of equipment
The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Kingbird, Inc. at the end of 2022 are shown here. Beg. bal. Acquisitions End. bal. Disposals Equipment 128,000 Disposals 66,560 159,360 Accum. Depr.-Equipment Beg. bal. Depr. exp. 8,160 End. bal. Cash flow from sale of equipment 35,200 71,200 19,200 82,240 In addition, Kingbird, Inc.'s income statement reported a loss on the disposal of plant assets of $5,600. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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