Question
39. Equipment which cost $309,000 and had accumulated depreciation of $186,000 was sold for $111,000. This transaction should be shown on the statement of cash
39.
Equipment which cost $309,000 and had accumulated depreciation of $186,000 was sold for $111,000. This transaction should be shown on the statement of cash flows (indirect method) as a(n)
| deduction from net income of $12,000 and a $111,000 cash inflow from investing activities. | ||
| addition to net income of $12,000 and a $111,000 cash inflow from investing activities. | ||
| deduction from net income of $12,000 and a $123,000 cash inflow from investing activities. | ||
| addition to net income of $12,000 and a $123,000 cash inflow from investing activities. |
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Money, Markets And Capital The Case For A Monetary Analysis
Authors: Jean Cartelier
1st Edition
0815355777, 9780815355779
