25 Given below is information from the statement of financial position of Paris Co During the...
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25 Given below is information from the statement of financial position of Paris Co During the year ended 31 December 20X2 machinery that had an original cost of $38 000 and accumulated depreciation of $24 000 was sold at a profit of $1 000 The depreciation charge for the year was $36 000 Plant and machinery (carrying value) A [ ] [ ] C[] I What amounts are to be included in the statement of cash flows for payments to acquire plant and machinery and sales proceeds in respect of plant and machinery? Payments to acquire Sales proceeds P ] $110 000 $134 000 $110 000 $134 000 31 October 20X4 $ 000 450 $13 000 $13 000 $15 000 $15 000 31 October 20X3 $ 000 390 25 Given below is information from the statement of financial position of Paris Co During the year ended 31 December 20X2 machinery that had an original cost of $38 000 and accumulated depreciation of $24 000 was sold at a profit of $1 000 The depreciation charge for the year was $36 000 Plant and machinery (carrying value) A [ ] [ ] C[] I What amounts are to be included in the statement of cash flows for payments to acquire plant and machinery and sales proceeds in respect of plant and machinery? Payments to acquire Sales proceeds P ] $110 000 $134 000 $110 000 $134 000 31 October 20X4 $ 000 450 $13 000 $13 000 $15 000 $15 000 31 October 20X3 $ 000 390
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Related Book For
Financial Accounting and Reporting
ISBN: 978-1292080505
17th edition
Authors: Barry Elliott, Jamie Elliott
Posted Date:
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