As the accountant at O'Donnell Industries,you are responsible for preparing the cash flow statement.You have decided to prepare the statement using the direct method and have gathered the following data from the accounting records:
Acquisition of equipment by issuing
Cash received from sale of property,plant,and equipment,
Prepare the investing activities section of the cash flow statement using the direct method for the year ended December 31,2017.

Question

As the accountant at O'Donnell Industries,you are responsible for preparing the cash flow statement.You have decided to prepare the statement using the direct method and have gathered the following data from the accounting records:
  Acquisition of equipment by issuing
  Cash received from sale of property,plant,and equipment,
  Prepare the investing activities section of the cash flow statement using the direct method for the year ended December 31,2017.

Quizplus · Accepted Answer

The Answer of As the accountant at O'Donnell Industries,you are responsible for preparing the cash flow statement.You have decided to prepare the statement using the direct method and have gathered the following data from the accounting records:
  Acquisition of equipment by issuing
  Cash received from sale of property,plant,and equipment,
  Prepare the investing activities section of the cash flow statement using the direct method for the year ended December 31,2017.

As the Accountant at O'Donnell Industries,you Are Responsible for Preparing