Question

The sale of equipment for an amount of cash greater than the carrying value of the equipment results in a cash receipt equal to the carrying value of the equipment plus the gain on the sale, which appears in income. How might the accountant treat this transaction in the statement of cash flows? Consider both the direct and indirect methods.



$1.99
Sales0
Views88
Comments0
  • CreatedMarch 04, 2014
  • Files Included
Post your question
5000