The T accounts for plant and accumulated depreciation for CUD Company at the end of 2010 are

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The T accounts for plant and accumulated depreciation for CUD Company at the end of 2010 are as follows:

In addition, CUD company's income statement shown a gain on sale of plant assets of $17,600. Compute the amounts to be shown as cash flows from investing activities, and show how they are to appear on the statement of cashflows.

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Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

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Question Posted: Feb 23, 2012 03:14 AM

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The T accounts for plant and accumulated depreciation for CUD Company at the end of 2010 are

Question:

Plant Assets Accumulated Depreclation Dr. Cr. Dr. Cr. Beg. Bal. 260,000 Disposals 92,000 Disposals 58800 Beg. B 138,000 Purchases 134.400 Depreciation 40,800 End. Bal. 120,000 End. Bal. 302,400

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Cash flows from investing activities Purchase of plant ...View the full answer

Principles of Accounting

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