Top Posters
Since Sunday
c
5
j
5
a
5
L
5
f
5
j
5
D
4
k
4
y
4
t
4
h
4
l
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bernie2981 bernie2981
wrote...
Go to Answer
Posts: 3810
Rep: 26 0
8 years ago
A company reported beginning plant assets, net of depreciation, of $655,000; and, an ending amount of $732,550. Depreciation expense of $48,400 and a loss on the sale of equipment of $5,500 were reported on the income statement. The company acquired $213,800 of plant assets during the year. How much will be reported as cash received from the sale of equipment in the investing activities section of the statement of cash flows?
A) The cash received upon the sale of the equipment was $130,750.
B) The cash received upon the sale of the equipment was $93,350.
C) The cash received upon the sale of the equipment was $87,850.
D) The cash received upon the sale of the equipment was $82,350.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 406 times
1 Reply
Replies
Answer verified by a subject expert
nucleinuclei
wrote...
#1
Top Poster
Posts: 2158
Rep: 418 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

bernie2981 Author
wrote...

8 years ago
This helped my grade so much Perfect
jamesbove
wrote...

Yesterday
Smart ... Thanks!
Natalie Price
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  827 People Browsing
 124 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 559
  
 4450
  
 236
Your Opinion
What's your favorite coffee beverage?
Votes: 299
Previous poll results: Who will win the 2024 president election?