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What would be the impact on the scf from operations

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Reference no: EM132685038

Problem 1: Suppose plant and equipment with a historical cost $1,296 and accumulated depreciation of $1,138 will  be sold for cash of $403 instead of $303, what would be the impact on the SCF from Operations?

Cash Dr 403
Accumulated Depreciation Dr 1138
PPE Cr 1296
Gain Cr 245
SCF - Operating
Statement Of Cash Flows
Profit 4330 (Increased by +100)
Depreciation and Amortization 2411
Gain on Sale of PPE -245 (Increased by +100)
Receivables - trade -265
Prepaid Expenses 94
Inventories 764
Accounts Payable -1425
Accrued Wages and Salaries -457
Customer Advances 80
Net Cash provided by Operating Activities 5287

Reference no: EM132685038

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