Q11-48. Click Camera Co. sold equipment with a cost of $22,000 and accumulated depreciation of $10,000 for

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Q11-48. Click Camera Co. sold equipment with a cost of $22,000 and accumulated depreciation of $10,000 for an amount that resulted in a gain of $2,000. What amount should Click report on the statement of cash flows as “proceeds from sale of PPE?”

a. $10,000

c. $20,000

b. $14,000

d. Some other amount ________________________________________

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Financial Accounting International Financial Reporting Standards Global Edition

ISBN: 9781292211145

11th Edition

Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison

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