The profit or loss on the sale of equipment. Given information: Equipment sold for $9,000. Purchased securities are purchased for $8,000. Net income for the year is $22,000

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Chapter 22, Problem 22.22BE

a.

To determine

To prepare: The profit or loss on the sale of equipment.

Given information:

Equipment sold for $9,000.

Purchased securities are purchased for $8,000.

Net income for the year is $22,000

b.

To determine

To prepare: The operating and investing cash flows with indirect method.

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