E12-77 (similar to)
Begley Specialties reported the following at December 31, 2014 (in thousands):
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Requirement
1. Determine the following Items for Begley Specialties during 2014:
a. Gain or loss on the sale of property and equipment
b. Amount of long-term debt issued for something other than cash
a. Gain or loss on the sale of property and equipment.
The sale of the property and equipment produced a
of $ thousand.
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1 part
remaining
Data Table
2014
2013
From the comparative balance sheet:
Property and equipment, net
Long-term notes payable
From the statement of cash flows:
Depreciation
Capital expenditures
Proceeds from sale of property and equipment
Proceeds from issuance of long-term note payable
Payment of long-term note payable
Issuance of common stock
$\hspace{0.2cm}10,800 \hspace{0.2cm} $\hspace{0.2cm}9,630
$\hspace{0.2cm}4,300 \hspace{0.2cm} $\hspace{0.2cm}3,070
$\hspace{0.2cm}1,880
$\hspace{0.2cm}(4,120)
$\hspace{0.2cm}760
$\hspace{0.2cm}1,175
$\hspace{0.2cm}(100)
$\hspace{0.2cm}385
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