In 2009, Anderson Company purchased equipment for $363,000 and also sold some special purpose machinery with a book value of $155,000 for $182,000 In its statement of cash flows for 2009, Anderson should report the following with respect to the above transactions A) $363,000 net cash used by investing activities B) $181,000 net cash used by investing activities $27,000 net cash provided by operating activities C) $181,000 net cash used by investing activities D) $363,000 cash used by investing activities $182,000 cash provided by financing activities

Question

In 2009, Anderson Company purchased equipment for $363,000 and also sold some special purpose machinery with a book value of $155,000 for $182,000  In its statement of cash flows for 2009, Anderson should report the following with respect to the above transactions  A) $363,000 net cash used by investing activities  B) $181,000 net cash used by investing activities  $27,000 net cash provided by operating activities  C) $181,000 net cash used by investing activities  D) $363,000 cash used by investing activities  $182,000 cash provided by financing activities

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In 2009, Anderson Company purchased equipment for $363,000 and also sold some special purpose machinery with a book value of $155,000 for $182,000. In its

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