(Solution) - The three accounts shown below appear in the general 4 -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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The three accounts shown below appear in the general ledger of Bennis Corp. during 2011.

Instructions
From the postings in the accounts, indicate how the information is reported on a statement of cash flows using the indirect method. The loss on sale of equipment was$5,000.