The T accounts for Equipment and the related Accumulated Depreciation for Cindy Trevis Company at the end of 1996 are as follows In addition, Cindy Trevis Company 's income statement reported a loss on the sale of equipment of ( $ 6,700 ) What amount was reported on the statement of cash flows as c...

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The T-accounts for Equipment and the related Accumulated Depreciation for Cindy Trevis Company at the end of

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The T-accounts for Equipment and the related Accumulated Depreciation for Cindy Trevis Company at the end of 1996 are as follows:

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In addition, Cindy Trevis Company's income statement reported a loss on the sale of equipment of $\$ 6,700$. What amount was reported on the statement of cash flows as "cash flow from sale of equipment's?

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 14, 2024 01:14 AM

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The T-accounts for Equipment and the related Accumulated Depreciation for Cindy Trevis Company at the end of

Question:

Equipment Beg. bal. 80,000 Disposals Acquisitions 41,600 End. bal. 99,600 Accumulated Depreciation 22,000 Disposals 5,500 Beg. bal. 44,500 Depr. 12,000 End. bal. 51,000

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Financial Accounting

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