Essay
Calculations for statement of cash flows.During 2015 equipment was sold for $73,000. This equipment cost $120,000 and had a book value of $72,000. Accumulated depreciation for equipment was $325,000 at 12/31/14 and $310,000 at 12/31/15.
InstructionsWhat three items would be shown on a statement of cash flows (indirect method) from this information? Show your calculations.
Correct Answer:
Verified
Correct Answer:
Verified
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