Click Camera Co. sold equipment with a cost of $21,000 and accumulated deprecia tion of $9,000 for

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Click Camera Co. sold equipment with a cost of $21,000 and accumulated deprecia tion of $9,000 for an amount that resulted in a gain of $1,000. What amount should Click report on the statement of cash fl ows as “proceeds from sale of PPE?”

a. $10,000

c. $13,000

b. $20,000

d. Some other amount

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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Question Posted: Jul 26, 2024 07:00 AM

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Click Camera Co. sold equipment with a cost of $21,000 and accumulated deprecia tion of $9,000 for

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Financial Accounting International Financial Reporting Standards

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