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  • Assume Flowers To Go LTD A Chain of Flower Shops

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    Muhammad Shahid
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    Flowers to Go Ltd, a chain of flower shops, completed several transactions that would affect their statement of cash flows. They sold a building for $600,000 that had originally cost $1,000,000 and had accumulated depreciation of $400,000. They also lost a store building in a fire that had cost $300,000 with accumulated depreciation of $180,000 and received $120,000 in insurance proceeds. Additionally, they renovated a store for $400,000 in cash and purchased $60,000 in store fixtures.

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    Assume Flowers to Go Ltd a Chain of Flower Shops

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    Assume Flowers to Go Ltd a Chain of Flower Shops

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    Flowers to Go Ltd, a chain of flower shops, completed several transactions that would affect their statement of cash flows. They sold a building for $600,000 that had originally cost $1,000,000 and had accumulated depreciation of $400,000. They also lost a store building in a fire that had cost $300,000 with accumulated depreciation of $180,000 and received $120,000 in insurance proceeds. Additionally, they renovated a store for $400,000 in cash and purchased $60,000 in store fixtures.

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    © All Rights Reserved
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    2 views1 page

    Assume Flowers To Go LTD A Chain of Flower Shops

    Uploaded by

    Muhammad Shahid
    Flowers to Go Ltd, a chain of flower shops, completed several transactions that would affect their statement of cash flows. They sold a building for $600,000 that had originally cost $1,000,000 and had accumulated depreciation of $400,000. They also lost a store building in a fire that had cost $300,000 with accumulated depreciation of $180,000 and received $120,000 in insurance proceeds. Additionally, they renovated a store for $400,000 in cash and purchased $60,000 in store fixtures.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Assume Flowers to Go Ltd a chain of flower shops #6666

    Assume Flowers to Go Ltd., a chain of flower shops, completed the following transactions. For
    each transaction, show what the company would report for investing activities on its statement
    of cash flows. Show negative amounts in parentheses.a. Sold a building for $600,000. The
    building had cost $1,000,000, and at the time of the sale its accumulated depreciation totalled
    $400,000.b. Lost a store building in a fire. The warehouse cost $300,000 and had accumulated
    depreciation of $180,000. The insurance proceeds received were $120,000.c. Renovated a
    store at a cost of $400,000, paying cash.d. Purchased store fixtures for $60,000. The fixtures
    are expected to remain in service for five years and then be sold for $10,000. Flowers to Go
    uses the straight-line depreciation method.View Solution:
    Assume Flowers to Go Ltd a chain of flower shops

    ANSWER
    http://paperinstant.com/downloads/assume-flowers-to-go-ltd-a-chain-of-flower-shops/

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