9

Martin Ceramics Company sold equipment for cash. The income statement shows a gain on the sale of $1,020. The net book value of the asset was $3,810. Which of the following statements describes the cash effect of the transaction positive cash flow of $2,790 from sting activities positive cash flow of $4,830 from investing activities negative cash flow of $2,790 for operating activities negative cash flow of $4,830 for financing activities