Question
In 2022, XYZ reported net income equal to $1,000. The company reported Depreciation Expense of $200. The company sold Property Plant and Equipment for $300
In 2022, XYZ reported net income equal to $1,000. The company reported Depreciation Expense of $200. The company sold Property Plant and Equipment for $300 in cash and reported a Gain on Sale of $60. What was the company's Cash From Investing Activities in 2022? (make the number negative if it is a net cash outflow)
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Standard For Auditing Computer Applications
Authors: Martin A. Krist
2nd Edition
0849399831, 978-0849399831
