6:23 Discussion Details ACCTG 002: Intro Accounting 2 - Mathieu R. - SPRING 202... Chapter...
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6:23 Discussion Details ACCTG 002: Intro Accounting 2 - Mathieu R. - SPRING 202... Chapter 13 Discussion Question 5 pts Please post answers to the following questions. Due on Feb 26 at 11:59 pm. This discussion is worth 5 points total. 1. Fully depreciated equipment costing $50,000 was discarded. What was the effect of the transaction on cash flows if: (A) $15,000 cash is received for the equipment, and (B) no cash is received for the equipment? 2. If salaries payable was $100,000 at the beginning of the year and $75,000 at the end of the year, should the $25,000 decrease be added to or deducted from income to determine the amount of cash flows from operating activities? Explain.
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