Question: Crown Specialties reported the following at December 31, 2016 (in thousands): 1. Determine the following items for Crown Specialties during 2016: a. Gain or loss

Crown Specialties reported the following at December 31, 2016 (in thousands):
Crown Specialties reported the following at December 31, 2016 (in

1. Determine the following items for Crown Specialties during 2016:
a. Gain or loss on the sale of property and equipment
b. Amount of long-term debt issued for something other than cash

A1 2016 2015 2 From the comparative balance sheet: 3 Property and equipment, net 4Long-term notes payable 5 From the statement of cash flows: 6 Depreciationn 7 Capital expenditures 8 Proceeds from sale of property and equipment 9 Proceeds from issuance of long-term note payable 10 Payment of long-term note payable 11 Issuance of common stock 12 11,000 4100 9,640 010 1,890 4,130 800 1,175 150) 386

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