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What was the effect of the truck sale on investing cash flow

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Reference no: EM132492899

                                        2005              2006                   2007

Machinery and Equipment     41250000         51020900       9770900

Accrued Depreciation           (15600000)       (19875000)   (4275000)

Preferred Stock                     2000000              2000000

common stock                         100000                100000

APIC                                      9850000            9850000

Retained Earnings                        30000000       41452000     11452000

Total Equity                          39950000                5343000

From the income statement you know that

Net income was $11502000

Depreciation was 4300000

  • And from others notes you know that the truck originally valued at 29100 was sold for 1000 cash.

Question:

Question 1: What was the effect of the truck sale on operating cash flow?(Hint: what gain or loss was posted to operating?)

Question 2: What was the effect of the truck sale on investing cash flow? (Show cash received from sale and amount of equipment purchased)

Question 3: What was the effect of changes in the equity section of the balance sheet on financing on the cash flow?

Reference no: EM132492899

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