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Innovations Camera Co. sold equipment with a cost of exist18,000 and accumulated depreciation of exist6,000 for an amount that resulted in a gain of exist4,000.
Innovations Camera Co. sold equipment with a cost of exist18,000 and accumulated depreciation of exist6,000 for an amount that resulted in a gain of exist4,000. What amount should Innovations report on the statement of cash flows as "proceeds from sale of plant assets"? A. exist14,000 B. exist16,000 C. exist15,000 D. Some other amount
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