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How to get the correct answer ? On November 20,20x1, MMC Corp. purchased 2 new delivery vehicles for $95342 cash. On December 11,20x1, the company
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On November 20,20x1, MMC Corp. purchased 2 new delivery vehicles for $95342 cash. On December 11,20x1, the company sold, for $16340 cash, its old delivery vehicles, which had cost $53225 when purchased in 20x8. At the date of sale, accumulated depreciation on the old delivery vehicles equaled S27613. Which of the following total amounts would appear in the "cash flow from investing activities" section of the statement of cash flows with respect to the purchase and sale of delivery vehicles? Positive numbers represent a cash inflow; negative numbers represent a cash outflow. Check Your answer is incorrect. The correct answer is: -79002Step by Step Solution
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