Plant Assets 12/31/2017 100,000 Acquisitions 428,000 52,500 12/31/2018 475,500 Disposals Accumulated Depreciation-Plant Assets 20,000 12/31/2017 Disposals 10,500 34,000 Depr. Exp. 43,500 12/31/2018
Plant Assets 12/31/2017 100,000 Acquisitions 428,000 52,500 12/31/2018 475,500 Disposals Accumulated Depreciation-Plant Assets 20,000 12/31/2017 Disposals 10,500 34,000 Depr. Exp. 43,500 12/31/2018
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The Plant Assets account and
Star Media sold plant assets at an $11,000 loss. Where on the statement of
a. Financing cash flows—cash receipt of $42,000
b. Investing cash flows—cash receipt of $53,000
c Investing cash flows—cash receipt of $31,000
d. Investing cash flows—cash receipt of $42,000
Transcribed Image Text:Plant Assets
12/31/2017 100,000
Acquisitions 428,000 52,500
12/31/2018 475,500
Disposals
Accumulated Depreciation-Plant Assets
20,000
12/31/2017
Disposals
10,500 34,000 Depr. Exp.
43,500
12/31/2018
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