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Author Question: When a company sells equipment for cash, which of the following is the correct reporting on the ... (Read 76 times)

nods

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on: Feb 5, 2023

Question 1

When a company sells equipment for cash, which of the following amounts is reported in the investing section of the statement of cash flows?
◦ Gain on sale of equipment
◦ Depreciation expense
◦ Book value
◦ Amount of cash received

Question 2

When a company sells equipment for cash, which of the following is the correct reporting on the statement of cash flows?
◦ Gain or loss in operating section, amount of cash received in operating section
◦ Gain or loss in investing section, amount of cash received in operating section
◦ Gain or loss in operating section, amount of cash received in investing section
◦ Gain or loss in investing section, amount of cash received in investing section
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by nods on Feb 5, 2023

miro2222

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nods

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

abro1885

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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