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Montana Corp. is preparing its statement of cash flows. During the period, Montana sold a machine for $20,000. The machine had an original purchase price
Montana Corp. is preparing its statement of cash flows. During the period, Montana sold a machine for $20,000. The machine had an original purchase price of $50,000 and a book value at the time of the sale of $40,000. How would this sale appear on the statement of cash flows? operating cash inflow of $20,000 operating cash outflow of $30,000 investing cash inflow of $20,000 investing cash inflow of $30,000
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