Question

An analysis of the general ledger accounts indicates that office equipment, which cost $202,500 and on which accumulated depreciation totaled $84,375 on the date of sale, was sold for $101,250 during the year.Using this information, indicate the items to be reported on the statement of cash flows.

Answer 1

$202,500 cost of office equipment-Not shown on statement-Not applicable

$84,375 accumulated depreciation-Not shown on statement-Not applicable

$101,250 sales price-Cash flows from investing activities-Added

$16,875 loss on sale of equipment-Cash flows from operating activities-Added

What is cash flow statement meaning?

A cash flow statement is a type of financial statement that gives total information about all of the cash inflows a business makes from continuing activities and outside investment sources. It also includes any cash outflows made within a specific time period to cover investments and business expenses.

What are the 3 types of cash flows?

Cash flow from operating operations, cash flow from investment activities, and cash flow from financing activities are the three types of cash flow that businesses should monitor and evaluate to assess their liquidity and solvency. On a company's cash flow statement, all three are listed.

Learn more about cash flow statement: brainly.com/question/15278261

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