A company sells equipment with a book value of $23,000 for $25,000 cash. Required How would the

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A company sells equipment with a book value of $23,000 for $25,000 cash.
Required
How would the sale of equipment be reported on the statement of cash flows under the
a) Indirect method
b) The direct method?

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Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Question Posted: Jul 16, 2015 04:58 AM

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A company sells equipment with a book value of $23,000 for $25,000 cash. Required How would the

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a Under the indirect method the 2000 gain would be subtracted from net income to arrive ...View the full answer

Financial ACCT2

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