Question
Equipment with a book value of $ 8000 is sold for $ 3000 cash . the statement of cash flows will report a: A. $5000
Equipment with a book value of $ 8000 is sold for $ 3000 cash . the statement of cash flows will report a:
A. $5000 cash outflow in the financing activities section
B. $3000 cash inflow in the operating activities section
C. $5000 cash outflow in the operating activities section
D. $3000 cash inflow in the investing activities section.
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Financial Accounting, Enhanced
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
11th Edition
1119594596, 9781119594598
