Description of this paper

A company uses the indirect method to prepare the statement of cash flows.

Description

solution


Question

A company uses the indirect method to prepare the statement of cash flows. It sold a piece of equipment at a loss of $3,600. The equipment was purchased several years ago for $70,500 and had accumulated depreciation of $52,900. What is reported under the operating activities section on the statement of cash flows?

 

Paper#25006 | Written in 18-Jul-2015

Price : $22
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