The T-accounts for Equipment and the related Accumulated Depreciation for Stone Kitchen Equipment Company at the end
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Stone Kitchen Equipment Companys income statement reported a loss on the sale of equipment of $4,900.What amount was reported on the statement of cash flows as cash flow from sale ofequipment?
Transcribed Image Text:
Equipment ccumulated Depreciation Beg. bal80,000 Disposals 22,000 Disposals 5500Beg. bal 44.500 12,000 Acquisitions 41,600 Depr End. bal. 99,600 End. ba 51.000
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Original cost of equipment sold 22000 L...View the full answer
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Related Book For
Hospitality Financial Accounting
ISBN: 978-0470083604
2nd Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.
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