Craftsman Specialties reported the following at December 31, 2012 (in thousands): Requirement 1. Determine the following items
Question:
Requirement
1. Determine the following items for Craftsman Specialties during 2012:
a. Gain or loss on the sale of property and equipment
b. Amount of long-term debt issued for something other thancash
Transcribed Image Text:
2012 2011 From the comparative balance sheet. Property and equipment, net Long-term notes payable $10,600 $9,640 4,400 3,000 From the statement of cash flows: 1,910 (4,175) 820 Proceeds from issuance of long-term note payable1,220 (140) 385 Depreciation Capital expenditures Proceeds from sale of property and equipment Payment of long-term note payable Issuance of common stock
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Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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