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D Question 22 A company sold equipment having a book value of $8,000 for $10,000, resulting in a gain on the sale of $2,000. Therefore,
D Question 22 A company sold equipment having a book value of $8,000 for $10,000, resulting in a gain on the sale of $2,000. Therefore, $2,000 should be shown as a cash inflow under investing activities. False. True. Question 23 Dividends paid to stockholders should appear as an outflow of cash under financing activities on the statement of cash flows. True. False. Question 24 The direct and indirect methods results in identical amounts for net cash provided or used by operating activities. 2 pts False. 2 pts 2 pts
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