The T accounts for equipment and accumulated depreciation for Pharoah Ltd. are shown here: Equipment Beg. bal. 86,000 Disposals 21,000 Acquisitions 42,000 End bal. 107,000 Accumulated Depreciation-Equipment Disposals 5,700 Beg. bal. 44,900 Depreciation 20,400 End bal. 59,600 In addition, Pharoah’s income statement reported a $1,600 loss on the disposal of equipment. What amount was reported on the statement of cash flows as “cash provided by disposal of equipment”? Cash provided by disposal of equipment $Enter the amount of cash provided by disposal of equipment eTextbook and Media In what section of the statement of cash flows would the effects of this disposal transaction be reported? Select a section for cash provided by disposal of equipment Select a section for loss on disposal pick out of operating activities, investing activities, non cash activities, and financing activities for above two questions.
The T accounts for equipment and accumulated depreciation for Pharoah Ltd. are shown here: Equipment Beg. bal. 86,000 Disposals 21,000 Acquisitions 42,000 End bal. 107,000 Accumulated Depreciation-Equipment Disposals 5,700 Beg. bal. 44,900 Depreciation 20,400 End bal. 59,600 In addition, Pharoah’s income statement reported a $1,600 loss on the disposal of equipment. What amount was reported on the statement of cash flows as “cash provided by disposal of equipment”? Cash provided by disposal of equipment $Enter the amount of cash provided by disposal of equipment eTextbook and Media In what section of the statement of cash flows would the effects of this disposal transaction be reported? Select a section for cash provided by disposal of equipment Select a section for loss on disposal pick out of operating activities, investing activities, non cash activities, and financing activities for above two questions.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The T accounts for equipment and accumulated depreciation for Pharoah Ltd. are shown here:
In addition, Pharoah’s income statement reported a $1,600 loss on the disposal of equipment.
| Equipment | |||
|---|---|---|---|
| Beg. bal. | 86,000 | Disposals | 21,000 |
| Acquisitions | 42,000 |
|
|
| End bal. | 107,000 |
|
| Accumulated Depreciation-Equipment | |||
|---|---|---|---|
| Disposals | 5,700 | Beg. bal. | 44,900 |
|
|
|
Depreciation | 20,400 |
|
|
End bal. | 59,600 |
In addition, Pharoah’s income statement reported a $1,600 loss on the disposal of equipment.
What amount was reported on the statement of cash flows as “cash provided by disposal of equipment”?
| Cash provided by disposal of equipment | $Enter the amount of cash provided by disposal of equipment |
eTextbook and Media
In what section of the statement of cash flows would the effects of this disposal transaction be reported?
| Select a section for cash provided by disposal of equipment |
| Select a section for loss on disposal |
pick out of operating activities, investing activities, non cash activities, and financing activities for above two questions.
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