Construction Hats purchased equipment for $248,000 cash, sold equipment costing $144,000 with a book value of $88,000 at a loss, and declared dividends during 2016. No new notes payable were issued during the year. Financial data follows:
Calculate cash flows from operations using the indirect method for 2016.

Question

Construction Hats purchased equipment for $248,000 cash, sold equipment costing $144,000 with a book value of $88,000 at a loss, and declared dividends during 2016. No new notes payable were issued during the year. Financial data follows:
  Calculate cash flows from operations using the indirect method for 2016.

Quizplus · Accepted Answer

The Answer of Construction Hats purchased equipment for $248,000 cash, sold equipment costing $144,000 with a book value of $88,000 at a loss, and declared dividends during 2016. No new notes payable were issued during the year. Financial data follows:
  Calculate cash flows from operations using the indirect method for 2016.

Construction Hats Purchased Equipment for $248,000 Cash, Sold Equipment Costing