Question

The 2015 comparative balance sheet and income statement of Appleton Group, Inc. follow. Appleton disposed of a plant asset at book value during 2015.


APPLETON GROUP, INC.
Comparative Balance Sheet
December 31, 2015 and 2014

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Prepare the spreadsheet for the 2015 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed for $ 0. The cost and accumulated depreciation of the disposed asset was $ 14,120. There were no sales of land, no retirement of common stock, and no treasury stocktransactions.


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  • CreatedJanuary 16, 2015
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