Washburn Delivery Company sold a company car for $12,000. Its original cost was $35,000, and the accumulated

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Washburn Delivery Company sold a company car for $12,000. Its original cost was $35,000, and the accumulated depreciation at the time of sale was $20,000.

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How does the transaction to record the sale appear on a statement of cash flows prepared using the indirect method?

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Managerial Accounting A Focus on Ethical Decision Making

ISBN: 978-0324663853

5th edition

Authors: Steve Jackson, Roby Sawyers, Greg Jenkins

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