An Analysis of the General Ledger Accounts Indicates That Equipment

question 8

Essay

An analysis of the general ledger accounts indicates that equipment, with an original cost of $134,000 and accumulated depreciation of $105,000 on the date of sale, was sold for $20,000 during the year. Using this information, indicate the items to be reported on the statement of cash flows using the indirect method.

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Definitions:

Chemoautotroph

Organisms that obtain energy by the oxidation of inorganic substances, using this energy to synthesize organic molecules from carbon dioxide.

Inorganic Compounds

Inorganic compounds are chemical compounds lacking carbon-hydrogen bonds, notable for their role in various industrial processes and biological systems.

Nutritious Organic

Describes food or substances derived from living matter that are beneficial to health due to their nutrient content.

Bacillus Anthracis

A bacterium that causes anthrax; it is rod-shaped and can be a serious pathogen affecting both humans and animals.