The T accounts for Equipment and the

The T accounts for Equipment and the related Accumulated Depreciation for Pettengill Company at the end of 2010 are shown here.


In addition, Pettengill Company’s income statement reported a loss on the sale of equipment of $5,500.What amount was reported on the statement of cash flows as “cash flow from sale ofequipment”?

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  • CreatedSeptember 13, 2011
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