Question
On january 1, 2022, Kleize Corp. sold equipment with a cost of $20,000 and accumulated depreciation of $18,000 for $6,000 in cash. As a result
On january 1, 2022, Kleize Corp. sold equipment with a cost of $20,000 and accumulated depreciation of $18,000 for $6,000 in cash. As a result of this transaction, the statement of cash flows will show
A. a $4,000 increase in the operating section and a $6,000 increase in the investing section.
B. a $4,000 decrease in the operating section and a $20,000 increase in the investing section.
C. an $18,000 increase in the operating section and a $6,000 increase in the investing section.
D. a $4,000 decrease in the operating section and a $6,000 increase in the investing section.
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