A firm sold property, plant, and equipment that had a net book value of $1,050,000 for a loss of $110,400. The equipment originally cost $1,265,600. The company uses the indirect method to prepare its statement of cash flows.
What amounts would the company include in cash from operations and cash from investing respectively?

Question

A firm sold property, plant, and equipment that had a net book value of $1,050,000 for a loss of $110,400. The equipment originally cost $1,265,600. The company uses the indirect method to prepare its statement of cash flows. 
What amounts would the company include in cash from operations and cash from investing respectively?

Quizplus · Accepted Answer

The Answer of A firm sold property, plant, and equipment that had a net book value of $1,050,000 for a loss of $110,400. The equipment originally cost $1,265,600. The company uses the indirect method to prepare its statement of cash flows. 
What amounts would the company include in cash from operations and cash from investing respectively?

A Firm Sold Property, Plant, and Equipment That Had a Net