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    Financial Accounting Study Set 5
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    Exam 13: The Statement of Cash Flows
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    A Company Sells Equipment with a Carrying Value of $10,000
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A Company Sells Equipment with a Carrying Value of $10,000

Question 159

Question 159

Essay

A company sells equipment with a carrying value of $10,000 for $7,000.Where,and for what amounts,would this transaction appear on a statement of cash flows using the indirect method?

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First,the loss on sale of $3,000 would b...

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