Solution-What amount was reported on the statement of cash

What amount was reported on the statement of cash flows

Reference no: EM13546210

The T-accounts for Equipment and the related Accumulated Depreciation for Stone Kitchen Equipment Company at the end of 2008 are as follows.

Equipment

Equipment				Accumulated Depreciation
Equipment
Beg. bal.	80,000	Disposals	22,000	Disposals	5,500	Beg. bal.	44,500
Acquisitions	41,600					Depr.	12,000
End. bal.	99,600					End. bal.	51,000

Stone Kitchen Equipment Company's income statement reported a loss on the sale of equipment of $4,900. What amount was reported on the statement of cash flows as "cash flow from sale of equipment.

Reference no: EM13546210

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What amount was reported on the statement of cash flows

Reference no: EM13546210

Reference no: EM13546210

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