Restaurant furnishings with an original cost of $38,000 and accumulated depreciation account of $32,000, was sold for

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Restaurant furnishings with an original cost of $38,000 and accumulated depreciation account of $32,000, was sold for $4,200 cash. How will the proceeds of the sale be reported in a SCF, indirect method?

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Intermediate Accounting

ISBN: 978-0176509736

10th Canadian Edition, Volume 1

Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,

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Posted Date: Apr 23, 2024 08:24 AM

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Restaurant furnishings with an original cost of $38,000 and accumulated depreciation account of $32,000, was sold for

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In the statement of cash flows SCF using the indirect method the proceeds from ... View the full answer

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