Section of a statement of the cash-flows, Accounting Basics

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Section of a statement of the cash-flows

The sale of the fixed asset by Lawrence Company is a recognized gain of 3,000, since it's book value was 5,000, but it sold for 8,000. How should this be reported in the investing activities section of a statement of cash flows? Income Statement? Balance Sheet?

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Accounting Basics: Section of a statement of the cash-flows

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Accounting Basics: Section of a statement of the cash-flows

Reference No:- TGS091177

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What are the capacity requirements for business

Q : Learns of apparent illegal conduct

Q : Percentage of sales method of calculating doubtful accounts

Q : What are the possible causes of company-s decline

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Q : Discuss productivity and ethical implications of industry

Q : Clean up toxic waste disposal sites

Q : Compute the total cost per ton in the first year

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Section of a statement of the cash-flows

Reference No:- TGS091177

Recent Questions Asked Accounting Basics

Q : What are the capacity requirements for business

Q : Learns of apparent illegal conduct

Q : Percentage of sales method of calculating doubtful accounts

Q : What are the possible causes of company-s decline

Q : Section of a statement of the cash-flows

Q : Discuss productivity and ethical implications of industry

Q : Clean up toxic waste disposal sites

Q : Compute the total cost per ton in the first year

Q : Plot the demand and forecast data on a time axis

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