Question: In addition, <a href=Waterway Company’s income statement reported a losson the disposal of plant assets …” />

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In addition, Waterway Company’s income statement reported a loss
on the disposal of plant assets of $5,285. What amount was reported
on the statement of cash flows as “cash flow from sale of
equipment”?

Show transcribed image text The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Waterway Company at the end of 2017 are shown here. Equipment Beg. bal. 120,800 Disposals 33,220 Acquisitions 62,816 End. bal 150,396 Accum. Depr.-Equipment 7,701 Beg. ba Disposals 67,195 Depr, exp 18,120 End. bal 77,614 In addition, Waterway Company's income statement reported a loss on the disposal of plant assets of $5,285. What amount was reported on the statement of cash flows as "cash flow from sale of equipment (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cash flow from sale of equipment

The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Waterway Company at the end of 2017 are shown here. Equipment Beg. bal. 120,800 Disposals 33,220 Acquisitions 62,816 End. bal 150,396 Accum. Depr.-Equipment 7,701 Beg. ba Disposals 67,195 Depr, exp 18,120 End. bal 77,614 In addition, Waterway Company's income statement reported a loss on the disposal of plant assets of $5,285. What amount was reported on the statement of cash flows as "cash flow from sale of equipment (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cash flow from sale of equipment

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