Thompson Company sold a piece of equipment that had an original cost of $22,000 and a carrying

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Thompson Company sold a piece of equipment that had an original cost of $22,000 and a carrying value of $10,000 for $13,000 in cash. How would this information be reported on a statement of cash flows prepared using the indirect method?

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Intermediate Accounting Reporting and Analysis

ISBN: 978-1111822361

1st edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

Question Posted: Sep 11, 2016 11:36 AM

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Thompson Company sold a piece of equipment that had an original cost of $22,000 and a carrying

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Thompson recognized a gain of 3000 on the sale of the equip...View the full answer

Intermediate Accounting Reporting and Analysis

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