Problem 1: Selected balances for Tyner Company are as follows: 2017 2016 Equipment Accumulated Dep 100,000...

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Problem 1: Selected balances for Tyner Company are as follows: 2017 2016 Equipment Accumulated Dep 100,000 (30,000) (10,000) 40,000 A. Tyner sold equipment that originally cost $50,000 at a gain of $4000 B. Depreciation expense for the year was $60,000. C. Tyner had an equipment purchase for cash during the year. Prepare the Investing section of the cash flow statement for Tyner.

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Tyner Company Statement of Cash Flows (Partial) For the year ended December 31, 2017 Cash Flows from Investing Activities: Pr Note 2:Cash payment for equipment purchased Beginning Balance of equipment Less: WDV of equipment sold 40,000 10,000 30,000 1

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Problem 1: Selected balances for Tyner Company are as follows: 2017 2016 Equipment Accumulated Dep 100,000...

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