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A machine with a cost of $143,000 and accumulated depreciation of $91,500 is sold for $63,000 cash. The amount that should be reported in the
A machine with a cost of $143,000 and accumulated depreciation of $91,500 is sold for $63,000 cash. The amount that should be reported in the operating activities section reported under the direct method is Multiple Choice $63,000. $11,500 $51,500 Zero. This is a financing activity Zero. This is an investing activity A machine with a cost of $137,000 and accumulated depreciation of $92,000 is sold for $53,500 cash. The amount that should be reported as a source of cash under cash flows from investing activities is: Multiple Choice Zero. This is an operating activity $53,500 $45,000 Zero. This is a financing activity. $8,500
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