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1. Ace Industries prepares its statement of cash flows using the direct method. Ace sold equipment with a book value of $6,400.00 at a loss
1. Ace Industries prepares its statement of cash flows using the direct method. Ace sold equipment with a book value of $6,400.00 at a loss of the statement of cash flows under operating activities is $800.00. The amount to be reported $0.00 $800.00. $(800).00. $5,600.00
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