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Last year Martson Company sold equipment with a net book value of $110,000 for $130,000 in cash. This equipment was originally purchased for $200,000. What

Last year Martson Company sold equipment with a net book value of $110,000 for $130,000 in cash. This equipment was originally purchased for $200,000. What will be the net effect of this transaction on the net cash provided by investing activities on the statement of cash flows?

Question 14 options:

A net deduction of $70,000 from cash

A net addition of $70,000 to cash

A net deduction of $20,000 from cash

A net addition of $20,000 to cash

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