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Weygandt, Kimmel, Kieso. (2013). Financial Accounting, IFRS Edition. 2nd edition.
John Wiley & Sons. Inc. New Jersey. ISBN: 978-1-118-28590-9.
Chapter 13:
Answer :
BE 13-2
E 13-2
financing activity
g.Operating activity
h.Financing activity
E 13-3
1. a. Cash 10,000
Loss on Disposal of assets 2,000
Land
b. The cash receipt (10,000) is reported in the investing section, loss (2,000) is
added to net income in the operating section.
2. a. Cash 22,000
Cash 7,000
5. a. Equipment 9,000
6. a. Cash 3,200
Equipment 10,000
b. The Cash receipt (3,200) is reported in the investing section. The gain (1,200)
is deducted from net income in the operating section.
expense
shares.
shareholders.
ordinary shareholders.
a. RAJESH COMPANY