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In 2014, Maxi Office Supplies sold a plant asset that had an original cost of $54,000 and accumulated depreciation of $28,000 for $15,000 in cash.

In 2014, Maxi Office Supplies sold a plant asset that had an original cost of $54,000 and accumulated depreciation of $28,000 for $15,000 in cash. Which one of the following is one item to be reported on the statement of cash flows prepared using the indirect method?

A

An addition to net income in the operating activities section for $11,000

B

A subtraction from net income in the operating activities section for $11,000

C

A source of cash of $15,000 in the financing activities section

D

A use of cash in the investing activities section for $26,000

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