Examlex

Solved

Avatar Company Uses the Indirect Method to Prepare Its Statement

question 105

Essay

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.
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:

Related Questions