Crown Specialties Ltd. reported the following at December 31, 2014 (in thousands): Determine the following items for
Question:
Crown Specialties Ltd. reported the following at December 31, 2014 (in thousands):
Determine the following items for Crown Specialties during 2014:
1. Gain or loss on the sale of property and equipment
2. Amount of long-term debt issued for something other than cash
Transcribed Image Text:
2014 2013 From the comparative b alance sheet: Property and equipment, net Long-term notes payable $11,150 4,400 $9,590 3,080 From the statement of cash flows: Capital expenditures Proceeds from sale of property and equipment Proceeds from issuance of long-term note payable Payment of long-term note payable Issuance of common shares $ 1,920 (4,130) 770 1,190 (110) 383
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Req 1 All in thousands Gain on sale of Proceeds from dispositions Carrying value sold property an...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0133472264
5th Canadian edition
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
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