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A company sells equipment which cost $100,000 and had accumulated depreciation of $40,000 for a gain of $10,000. How much would be reported as
A company sells equipment which cost $100,000 and had accumulated depreciation of $40,000 for a gain of $10,000. How much would be reported as a cash increase for investing activities? $110,000 $100,000 $70,000 $50,000 During the year, a company made loan payments totaling $100,000. $70,000 of these payments were for interest, and $30,000 reduced the principal of the loan. How much would be reported as a use of cash for debt financing activities? $0 since the loan payments are investing activities $30,000 $70,000 $100,000
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