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Equipment which cost $422000 and had accumulated depreciation of $232000 was sold for $211000. This transaction should be shown on the statement of cash flows
Equipment which cost $422000 and had accumulated depreciation of $232000 was sold for $211000. This transaction should be shown on the statement of cash flows (indirect method) as a(n)
| addition to net income of $21000 and a $211000 cash inflow from financing activities. |
| deduction from net income of $21000 and a $190000 cash inflow from investing activities. |
| deduction from net income of $21000 and a $211000 cash inflow from investing activities. |
| addition to net income of $21000 and a $190000 cash inflow from financing activities. |
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