loader  Loading... Please wait...

Question(s) / Instruction(s):

An analysis of the general ledger accounts indicates that office equipment, which cost $67,000 and on which accumulated depreciation totaled $22,500 on the date of sale, was sold for $38,600 during the year.

Using this information, indicate the items to be reported on the statement of cash flows.

Transactions:

$67,000 Cost of office Equipment

$22,500 accumulated depreciation

$38,600 sales price

$5,900 loss on sale of equipment (assume the indirect method is used)

Find Similar Answers by Subject


Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)


Expert's Answer
Download Solution:
$1.79

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)



Reach Us

408-538-8534

20-3582-4059

39-008-4233

+1-408-904-6494