USA Cash Effect

Joined
Jul 10, 2012
Messages
4
Reaction score
0
What is the cash flow effect of selling an asset for less than its book value
 

kirby

VIP Member
Joined
May 12, 2011
Messages
2,472
Reaction score
338
Country
United States
You get the proceeds of the sale as a cash increase.
In preparing a Statement of Cash Flows you then need to Adjust net income for the loss ( addback the loss to income to get cash basis income)
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,880
Messages
28,069
Members
23,176
Latest member
cIE6Wh2Vqj1D3E

Latest Threads

Top