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Equipment which cost $437000 and had accumulated depreciation of $236000 was sold for $226000. This transaction should be shown on the statement of cash flows
Equipment which cost $437000 and had accumulated depreciation of $236000 was sold for $226000. This transaction should be shown on the statement of cash flows (indirect method) as a(n) addition to net income of $25000 and a $201000 cash inflow from financing activities. deduction from net income of $25000 and a $226000 cash inflow from investing activities. deduction from net income of $25000 and a $201000 cash inflow from investing activities. addition to net income of $25000 and a $226000 cash inflow from financing activities.
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