Question

The following information was taken from the 2015 financial records of Price Restaurant Supply Company:


The company sold a piece of plant equipment for cash that had originally cost $100,000. The accumulated depreciation associated with the equipment at the time of sale was $20,000.

REQUIRED:
Prepare a statement of cash flows for the year ended December 31, 2015, using both the direct and indirectmethods.


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  • CreatedAugust 19, 2014
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