On January 2, 2020, Concord Corporation replaced its boiler with a more efficient one. The following information was available on that date: Purchase price of new boiler $151000 Carrying amount of old boiler 10800 Fair value of old boiler 4500 Installation cost of new boiler 21400 The old boiler was sold for $4500. What amount should Concord capitalize as the cost of the new boiler
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Northington, inc. is preparing the company's statement of cash flows for the fiscal year just ended. using the following information, determine the amount of cash flows from operating activities using the indirect method: net income$182,000gain on the sale of equipment12,300proceeds from the sale of equipment92,300depreciation expense—equipment50,000payment of bonds at maturity100,000purchase of land200,000issuance of common stock300,000increase in merchandise inventory35,400decrease in accounts receivable28,800increase in accounts payable23,700payment of cash dividends32,000 $189,400.$332,200.$236,800.$261,400.$186,800.
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On January 2, 2020, Concord Corporation replaced its boiler with a more efficient one. The following...
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