Avatar Company uses the indirect method to prepare its statement of cash flows.During 2014,plant assets with book value of $10,000(cost $10,000 and accumulated depreciation $0)were sold for $14,000.Using the worksheet shown below,enter the adjustments needed to record the sale of plant assets and gain on sale of plant assets of $4,000.
Definitions:
Customer Service
Assistance and advice provided by a company to those people who buy or use its products or services.
Supply Chain
The entire network of entities, directly or indirectly interlinked and interdependent in serving the same consumer or customer, involving the production and delivery of a product or service from the supplier to the customer.
Artificial Intelligence
The simulation of human intelligence processes by machines, especially computer systems, enabling them to perform tasks that typically require human intelligence.
Watson
Watson is IBM's artificial intelligence platform that combines data analysis and intuitive reasoning capabilities, often used in solving complex problems across various industries.
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