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An entity sold equipment with a cost of $1,600 for $2,000 cash, and the owner Joker withdrew half of the proceeds for his personal use.
An entity sold equipment with a cost of $1,600 for $2,000 cash, and the owner Joker withdrew half of the proceeds for his personal use. What are the effects on the entity's cash flow statement? O Investing cash flow increases by $2,000, financing cash flow decreases by $1,000. O Investing cash flow increases by $2,000, operating cash flow decreases by $1,000. O Financing cash flow increases by $1,600, operating cash flow decreases by $800. O Investing cash flow increases by $1,600, financing cash flow decreases by $800
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