Vinson Co. sold a machine that cost $74,000 and had a book value of $44,000 for $50,000.

Question:

Vinson Co. sold a machine that cost $74,000 and had a book value of $44,000 for $50,000. Data from Vinson's comparative balance sheets are:

Instructions

What four items should be shown on a statement of cash flows (indirect method) from this information? Show your calculations.

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Financial Accounting The Impact on Decision Makers

ISBN: 978-1285182964

9th edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: May 06, 2013 05:24 AM

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Vinson Co. sold a machine that cost $74,000 and had a book value of $44,000 for $50,000.

Question:

Machinery Accumulated 12/31/2008 12/31/2007 S800,000 S690,000 190,000 136,000

Step by Step Answer:

Preparation of Amount should come in Cash flow Plant And Equipment Ac ...View the full answer

Financial Accounting The Impact on Decision Makers

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