Current Attempt in Progress Indicate how each of the following transactions would affect Cullumber...
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Accounting
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Indicate how each of the following transactions would affect Cullumber Ltds statement of income, statement of financial position, and statement of cash flows. If there would be no effect, then state that.
a Cullumber sold a piece of equipment for $ The equipment had originally cost $ and had a carrying amount of $ at the time it was sold.
b Cullumber purchased a new piece of equipment to replace the equipment that had been sold. The new equipment had a cost of $
c Cullumber recorded the annual depreciation on its equipment in the amount of $
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