Business, 27.05.2020 18:00 alee885

At January 1, 2020, Benny Enterprises reported a balance in the Equipment account of $45,000. During the year the company purchased equipment with a cost of $60,000 and sold equipment with a book value of $30,000. The company reported a loss on the sale of equipment of $4,000. Assume the indirect method is used. Determine what amount will be reported in the operating activities section.

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At January 1, 2020, Benny Enterprises reported a balance in the Equipment account of $45,000. During...

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