A company sells equipment with a carrying value of $10,000 for $7,000. Where and for what amounts would this transaction appear on a statement of cash flows that applies to the indirect approach?

ANSWER

The BIDaWIZ Team's Answer:

You would report a $7,000 cash increase under

"cash flow from investing activities" as a "sale of equipment."

The BIDaWIZ Team

Currently 4.6190/5 Stars.
1
2
3
4
5

1547 Ans.

SEARCH QUESTIONS

Tax Question?

Get Expert answers to your tax and finance questions.

Tax Deductions

Will A Roth IRA Conversion Trigger Self Emplolyment Tax?

My Employer Just Said That My 2008 W-2 Form Is Wrong!

More Dollars Going To New York Sales Tax.

Entries published weekly
on the BIDaWIZ Blog

Learn More

ABOUT SSL CERTIFICATES

The BIDaWIZ experts specialize in:

We do not offer or provide any investment advice or services or opinion regarding the nature, potential, value, suitability or profitability of any particular security, portfolio of securities, transaction or investment strategy.

Copyright © 2024 BIDaWIZ, Inc. Privacy Policy | Terms & Conditions

Accounting

Financial Reporting

QUESTION DETAIL

A company sells equipment with a carrying value of $10,000 for $7,000. Where and for what amounts would this transaction appear on a statement of cash flows that applies to the indirect approach?

The BIDaWIZ Team

Accounting

Business Tax

Personal Tax

Business Finance

Personal Finance