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Question: The T-accounts for Equipment and the related Accumulated Depreciation- Equipment for Goldstone Company at the end of 2017 are shown here.

In addition, Goldstone's income statement reported a loss on the disposal of plant assets of $3,500. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92663839

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