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A company recorded the following in Year 1: Proceeds from issuance of long-term debt 300,000 Purchase of equipment 200,000 Loss on sale of equipment 70,000
A company recorded the following in Year 1: Proceeds from issuance of long-term debt 300,000 Purchase of equipment 200,000 Loss on sale of equipment 70,000 Proceeds from sale of equipment 120,000 Equity in earnings of affiliate 10,000 On the Year 1 statement of cash flows, the company would report net cash flow from investing activities closest to: A. (150,000). B. (80,000) C. 200,000
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