Vinson Co. sold a machine that cost $74,000 and had a book value of $44,000 for $50,000.
Question:
Vinson Co. sold a machine that cost $74,000 and had a book value of $44,000 for $50,000. Data from Vinson's comparative balance sheets are:
Instructions
What four items should be shown on a statement of cash flows (indirect method) from this information? Show your calculations.
Transcribed Image Text:
Machinery Accumulated 12/31/2008 12/31/2007 S800,000 S690,000 190,000 136,000
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Related Book For
Financial Accounting The Impact on Decision Makers
ISBN: 978-1285182964
9th edition
Authors: Gary A. Porter, Curtis L. Norton
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