Question

The following selected account balances relate to the plant asset accounts of Trudeau Inc. at year-end.


Additional information:
1. Trudeau purchased $80,000 of equipment and $30,000 of land for cash in 2008.
2. Trudeau also sold equipment in 2008.

Instructions
(a) Determine the amounts of any cash inflows or outflows related to the plant asset accounts in 2008.
(b) Indicate where each of the cash inflows or outflows identified in (a) would be classified on the statement of cashflows.


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  • CreatedMay 10, 2012
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