Reporting changes in equipment on statement of cash flows


Reporting changes in Equipment on Statement of Cash Flows.

An analysis of the general ledger accounts indicates that office equipment, which cost $144,000 and on which accumulated depreciation totaled $60,000 on the date of sale, was sold for $72,000 during the year. 

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

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Accounting Basics: Reporting changes in equipment on statement of cash flows
Reference No:- TGS01272549

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