Lawson Co. sold equipment that cost $40,000 and a current book value of $18,000, for $20,000 cash. Lawson purchased additional equipment during the year. Data from the company's balance sheets at December 31, 2009 and 2008 are:
Show how the results of the transactions will appear on the statement of cash flows using the indirect method.

Question

Lawson Co. sold equipment that cost $40,000 and a current book value of $18,000, for $20,000 cash. Lawson purchased additional equipment during the year. Data from the company's balance sheets at December 31, 2009 and 2008 are:
  Show how the results of the transactions will appear on the statement of cash flows using the indirect method.

Quizplus · Accepted Answer

The Answer of Lawson Co. sold equipment that cost $40,000 and a current book value of $18,000, for $20,000 cash. Lawson purchased additional equipment during the year. Data from the company's balance sheets at December 31, 2009 and 2008 are:
  Show how the results of the transactions will appear on the statement of cash flows using the indirect method.

Lawson Co Sold Equipment That Cost $40,000 and a Current Book