AMC Entertainment operates 307 movie theaters in the United States, Canada, and

Question

AMC Entertainment operates 307 movie theaters in the United States, Canada, and Europe. During fiscal 2008, the company sold its Fandango assets for $20, 360, 000 cash and recorded a gain on disposal of $18, 360, 000, which was included in the company's net income of $43, 445, 000. Show how the disposal would be reported on the statement of cash flows, using the following format (which assumes the indirect method). (Enter your answers in thousands. Amounts to be deducted should be indicated with minus sign. Omit the "$" sign in your response.) Compute the book value of the Fandango assets that were sold. (Enter your answer in thousands. Omit the "$" sign in your response.)

Explanation / Answer

cash flows from investing activities = 20,360,000

book value is 20360000 - 18360000 = 2000000, hence in thouands its 2000

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