Question
A company sold a computer that had a book value of $ 60,000. The sale price was $ 45,000. How does this transaction affect the
A company sold a computer that had a book value of $ 60,000. The sale price was $ 45,000. How does this transaction affect the cash flow of the business?
A. Cash reduction in operating activities for $ 15,000
b. Increase in cash in investing activities for $ 45,000
c. Both a and b are correct
d. Neither a nor b are correct
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Effective Writing A For Accountants
Authors: Claire B. May, Gordon S. May
9th Edition
0132567245, 9780132567244
