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Accounting

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The following three accounts appear in the general ledger of Cullumber Company during 2022. Dec. 31 Depreciation for year 21,00076,000 From the postings in the accounts, indicate how the information is reported on a statement of cash flows using the indirect method. The loss on disposal of plant assets was $7,500. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $51,000.) (Show amounts that decrease cash flow with either a - sign e 9,15,000 or in parenthesis eg. (15,000) ) From the postings in the accounts, indicate how the information is reported on astatement of cash flows using the indirect method. The loss on disposal of plant assets was $7,500. (Hint: Cost of equipment constructed is reported in the investing activities section as a Net Cash Used by Operating Activities Depreciation Expense Loss on Disposal of Plant Assets Net Cash Provided by Operating Activities Cash Flows from investing Activities Sale of Equigment Construction of Equipment Purchase of Equigment Net Cash Used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends

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