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The following two scenarios are independent of one another.
1- An analysis of the general ledger accounts indicates that office equipment was sold for $39,600 during the year. The equipment originally cost $68,000 and had accumulated depreciation of $22,500 on the date of sale. Indicate how the elements of this transaction would be reported on the statement of cash flows using the indirect method.
2- An analysis of the general ledger accounts indicates that delivery equipment, which cost $97,000 and on which accumulated depreciation totaled $42,100 on the date of sale, was sold for $57,500 during the year. Using this information, indicate the items to be reported on the statement of cash flows.
Anti-Semitic
Showing prejudice or discrimination against Jews, often characterized by harmful stereotypes and hostile behavior.
Declared War
An official announcement by a state or nation about its decision to engage in armed conflict against another state or entity.
Blitzkrieg
A military strategy developed by Germany before and during World War II, characterized by rapid and powerful initial attacks combining air power and mobile forces to quickly overwhelm the enemy.
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