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Matlock Camera Co. sold equipment with a cost of $20,000 and accumulated depreciation of $8,000 for an amount that resulted in a gain of $3,000.
Matlock Camera Co. sold equipment with a cost of $20,000 and accumulated depreciation of $8,000 for an amount that resulted in a gain of $3,000. What amount should Matlock report on the statement of cash flows as "proceeds from sale of plant and equipment"? O A. $9,000 O B. $17,000 O C. $15,000 O D. Some other amount
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Wiley CPA Exam Review Auditing And Attestation 2011
Authors: Patrick R. Delaney, O. Ray Whittington
8th Edition
0470554347, 978-0470554340
