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A machine with a cost of $136,000 and accumulated depreciation of $88,000 is sold for $56,000 cash. The amount that should be reported in the
A machine with a cost of $136,000 and accumulated depreciation of $88,000 is sold for $56,000 cash. The amount that should be reported in the operating activities section reported under the direct method is Multiple Choice $48,000 $56,000 Zero. This is an investing activity $8000 Zero. This is a financing activity
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