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Equipment which cost $138,000 and had accumulated depreciation of $74,000 was sold for $56,000. This transaction should be shown on the statement of cash flows
Equipment which cost $138,000 and had accumulated depreciation of $74,000 was sold for $56,000. This transaction should be shown on the statement of cash flows as a(n) Select one: a. deduction from profit of $8,000 a $64.000 cash inflow from investing activities b. deduction from profit of $8,000 and a $56,000 cash nflow from investing activities c. addition to profit of $8,000 and a $56,000 cash inflow from investing activities d. addition to profit of $8,000 and a $64,000 cash inflow from investing activities Trelawny Corporation provides the following information: Issue of 1,000 shares at $2.00 each Redemption of loan Sale of asset Dividends paid Dividends received $ 200,000 130,000 40,000 20,000 70,000 What is the amount to be shown as net cash flow from financing activities? A Select one: o a. $20,000 b. $50,000 O c. $160,000 d. $80,000
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