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Equipment with a cost of $118,000 and a book value of $96,000 is sold for $109,000 cash.

Equipment with a cost of $118,000 and a book value of $96,000 is sold for $109,000 cash.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Impact amount on sections

What $ impact would this transaction have on the operating section, the investing section and the financing section of the statement of cash flows. Be sure to indicate in parentheses () if the amount is negative/a deduction. If there is no impact, please enter "0". Operating: $ Investing: $ Financing: $
Transcribed Image Text:What $ impact would this transaction have on the operating section, the investing section and the financing section of the statement of cash flows. Be sure to indicate in parentheses () if the amount is negative/a deduction. If there is no impact, please enter "0". Operating: $ Investing: $ Financing: $
Equipment with a cost of $118,000 and a book value of $96,000 is sold for $109,000 cash.
Transcribed Image Text:Equipment with a cost of $118,000 and a book value of $96,000 is sold for $109,000 cash.
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