Question
Camera Co. sold equipment with a cost of $19,000 and accumulated depreciation of $7,000 for an amount that resulted in a gain of $1,000. What
Camera Co. sold equipment with a cost of $19,000 and accumulated depreciation of $7,000 for an amount that resulted in a gain of $1,000. What amount should PhotoEase report on the statement of cash flows as "proceeds from sale of plant assets"?
A.$ 13 comma 000
$13,000
B.$ 11 comma 000
$11,000
C.$ 12 comma 000
$12,000
D.
Some other amount
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Complete Handbook Of Operational And Management Auditing
Authors: William T. Thornhill
1st Edition
0131611410, 978-0131611412
