1) A machine with a cost of $175,000 and accumulated depreciation of $94,000 is sold for $87,000 cash

Accounting Mar 17, 2021

1) A machine with a cost of $175,000 and accumulated depreciation of $94,000 is sold for $87,000 cash. The amount reported as a source of cash under cash flows from investing activities is

2. A company settles a long-term note payable plus interest by paying $68,000 cash toward the principal amount and $5,440 cash for interest. The amount reported as a use of cash under cash flows from financing activities is

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