Susan Co. sold a machine that cost $78,300 and had a book value of $45,200 for $47,000. Data from Susan's comparative balance sheets are: Machinery Accumulated depreciation 12/31/21 12/31/20 $802,500 $673,000 177,500 136,800 Complete the cash flow statement below. (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis e.g. (15,000).) Susan Co. Partial Statement of Cash Flows (Indirect Method) Cash flows from operating activities Cash flows from investing activities 11
Susan Co. sold a machine that cost $78,300 and had a book value of $45,200 for $47,000. Data from Susan's comparative balance sheets are: Machinery Accumulated depreciation 12/31/21 12/31/20 $802,500 $673,000 177,500 136,800 Complete the cash flow statement below. (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis e.g. (15,000).) Susan Co. Partial Statement of Cash Flows (Indirect Method) Cash flows from operating activities Cash flows from investing activities 11
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Susan Co. sold a machine that cost $78,300 and had a book value of $45,200 for $47,000. Data from Susan's comparative balance
sheets are:
Machinery
Accumulated depreciation
12/31/21
$802,500 $673,000
177,500
136,800
Complete the cash flow statement below. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g.
(15,000).)
12/31/20
Susan Co.
Partial Statement of Cash Flows (Indirect Method)
Cash flows from operating activities
Cash flows from investing activities
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd977dd65-68a6-4103-b2eb-7ca4e0687db8%2F246b36c0-ccbc-4ba5-ac45-e500028c0105%2F4v1oa6x_processed.png&w=3840&q=75)
Transcribed Image Text:Susan Co. sold a machine that cost $78,300 and had a book value of $45,200 for $47,000. Data from Susan's comparative balance
sheets are:
Machinery
Accumulated depreciation
12/31/21
$802,500 $673,000
177,500
136,800
Complete the cash flow statement below. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g.
(15,000).)
12/31/20
Susan Co.
Partial Statement of Cash Flows (Indirect Method)
Cash flows from operating activities
Cash flows from investing activities
$
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