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Hamilton ,Inc., sold a fixed asset at an $18,000 gain. How much should Hamilton, Inc., report for the sale A. Cash flows from investing activities,
Hamilton ,Inc., sold a fixed asset at an $18,000 gain. How much should Hamilton, Inc., report for the sale
A.
Cash flows from investing activities, 18,000
B.
Cash flows from investing activities, $68,000
C.
Cash flows from investing activities,$32,000
D.
Cash flows from investing activities, $50,000
Final Check |
Data Table
Fixed assets, net | |||||
Beginning balance | 91,000 |
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| Depreciation expense | 30,000 |
Purchase | 365,000 |
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| Sale | ? |
Ending balance | 376,000 |
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