The T accounts for the Plant Assets and Accumulated Depreciation accounts for Krieger Company Investing Activities-Plant Assets

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The T accounts for the Plant Assets and Accumulated Depreciation accounts for Krieger Company Investing Activities-Plant Assets E 12-13.

LO 5 Determining Cash Flows from Investing and Financing Activities at the end of $20 \times 3$ are as follows:

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In addition, Krieger Company's income statement shows a gain on sale of plant assets of 4,400 . Calculate the amounts to be shown as cash flows from investing activities and show how they are to appear on the cash flow statement.

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Financial Accounting A Global Approach

ISBN: 9780395839867

1st Edition

Authors: Sidney J. Gray, Belverd E. Needles

Question Posted: Jun 16, 2024 04:13 AM

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The T accounts for the Plant Assets and Accumulated Depreciation accounts for Krieger Company Investing Activities-Plant Assets

Question:

Plant Assets Beg. Bal. Purchases 65,000 Disposals 23,000 33,600 End. Bal. 75,600 Accumulated Depreciation Disposals 14,700 Beg. Bal. 34,500 20x3 Depreciation 10,200 End. Bal. 30,000

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Financial Accounting A Global Approach

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