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A company sells an old piece of equipment for $5,000 cash. The book value of the equipment sold is $4,500. Under indirect method, the gain
A company sells an old piece of equipment for $5,000 cash. The book value of the equipment sold is $4,500. Under indirect method, the gain of $500 ($5,000 $4,500) would affect: Select one: a. Notes to the financial statements b. Financing activities section c. Operating activities section d. Investing activities section
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