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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 36
Sorensen Company provides the following information related to its investing and financing activities for the current year:
a.alculate the net amount of cash provided by or used for investing activities for the year.
b.hat impact, if any, do the following facts have on your calculation ( 1 ) Equipment was sold at a $34,000 loss, and ( 2 ) land was sold at a $50,000 gain.
c.riefly explain your decision to exclude any of the items listed above if they were not included in your calculation in part a.
a.alculate the net amount of cash provided by or used for investing activities for the year.
b.hat impact, if any, do the following facts have on your calculation ( 1 ) Equipment was sold at a $34,000 loss, and ( 2 ) land was sold at a $50,000 gain.
c.riefly explain your decision to exclude any of the items listed above if they were not included in your calculation in part a.
Explanation
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Cash Flows from Investing Activities:
A...
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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