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Horatio Corp. sold some of its plant assets during calendar 2017 for dollar 21,000 cash. The original cost of the assets was dollar150,000, and the

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Horatio Corp. sold some of its plant assets during calendar 2017 for dollar 21,000 cash. The original cost of the assets was dollar150,000, and the accumulated depreciation to the date of sale was dollar 140,000. This transaction should be shown on Horatio 2017 statement of cash flows (indirect method) as a(n) A) deduction from net income of dollar 11,000 and a dollar 10,000 cash inflow from financing activities. O B) addition to net income of dollar 11,000 and a dollar 21,000 cash inflow from investing activities. OC) addition to net income of dollar 21,000 D) deduction from net income of dollar 11,000 and a dollar 21,000 cash inflow from investing activities 04 603

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