Question
This Question: 3 pts Acme Specialties reported the following at December 31, 2018 (in thousands): (Click the icon to view the data.) Read the
This Question: 3 pts Acme Specialties reported the following at December 31, 2018 (in thousands): (Click the icon to view the data.) Read the requirement. a. Gain or loss on the sale of property and equipment. The sale of the property and equipment produced a loss of $ 400 thousand. b. Amount of long-term debt issued for something other than cash. The amount of long-term debt issued for something other than cash is $ 160 thousand. 2 of 8 (2 complete) Choose from any list or enter any number in the input fields and then continue to the next question. i Data Table This Test: 35 pts possib Question Help 2018 2017 - From the comparative balance sheet: Property and equipment, net $ 10,600 $ 9,630 Long-term notes payable 4,300 3,070 From the statement of cash flows: Depreciation $ 1,950 Capital expenditures (4,120) Proceeds from sale of property and equipment 800 Proceeds from issuance of long-term note payable 1,160 Payment of long-term note payable (90) Issuance of common stock 390 Print Done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started