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What amount was reported on the statement of cash flows

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Question - The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Goldstone Company at the end of 2017 are shown here.

Equipment

Beg. bal. 80,000 Disposals 22,000

Acquisitions 41,600

End. bal. 99,600

Accum. Depr.-Equipment

Disposals 5,100 Beg. bal. 44,500

Depr. exp. 12,000

End. bal. 51,400

In addition, Goldstone Company's income statement reported a loss on the disposal of plant assets of $3,500. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"?

Reference no: EM132722625

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