A firm sold property, plant, and equipment for cash proceeds of $8,400. The equipment originally cost $16,320. The company recorded a loss on sale of $5,040. The company uses the indirect method to prepare its statement of cash flows.
What amounts would be included in cash from operations and cash from investing, respectively?

Question

A firm sold property, plant, and equipment for cash proceeds of $8,400. The equipment originally cost $16,320. The company recorded a loss on sale of $5,040. The company uses the indirect method to prepare its statement of cash flows. 
What amounts would be included in cash from operations and cash from investing, respectively?

Quizplus · Accepted Answer

The Answer of A firm sold property, plant, and equipment for cash proceeds of $8,400. The equipment originally cost $16,320. The company recorded a loss on sale of $5,040. The company uses the indirect method to prepare its statement of cash flows. 
What amounts would be included in cash from operations and cash from investing, respectively?

A Firm Sold Property, Plant, and Equipment for Cash Proceeds