Business, 30.11.2021 22:00 bankscorneliuso39
The following data came from the balance sheet of Han Company as of December 31, 20X2.
Dec. 31, 20X2 Dec. 31, 20X1
Machine $3,500 $2,950
Accumulated depreciation on machines 1,400 1,300
Cash 135 180
The following additional data were found in Han Company’s financial statements for 20X2.
Sales $10,000
Cash dividends paid 65
New machines purchases (for cash) 1,000
Net income 300
Depreciation expense 270
Gain on sale of old machines 210
How much cash did Han Company receive from the sale of old machines during the year?(Assume that all machine sales were cash transactions.)
Answers: 3
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The following data came from the balance sheet of Han Company as of December 31, 20X2.
Dec. 31, 20...
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