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Copper, Inc., a fictitious brewery and restaurant chain, reported a gain on the sale of equipment of $12 million. In add
Posted: Tue Jan 18, 2022 12:57 pm
by answerhappygod
- Copper Inc A Fictitious Brewery And Restaurant Chain Reported A Gain On The Sale Of Equipment Of 12 Million In Add 1 (82.97 KiB) Viewed 57 times
Copper, Inc., a fictitious brewery and restaurant chain, reported a gain on the sale of equipment of $12 million. In addition, the
company's income
statement shows depre- ciation expense of $8 million and the cash flow
statement shows capital expenditure of $15 million, all of which was for the purchase of new equipment. Balance sheet item 12/31/2009 $100 million 12/31/2010 $109 million Change $9 million Equipment Accumulated depreciation-equipment $30 million $36 million $6 million Using the above information, how much cash did the
company receive from cash sales? (2)