Q8

Question 8 {1 point] 4' Saved Gonzales, Inc. sold equipment and received $23,520 cash for the equipment. The companvr reported a loss on the sale of $14,112. This transaction will: a} Result in $23,520 shown as a positive number in the investing section of Gonzales' cash flovlr statement. 0 b] Result in $14,112 as a deduction (i.e. a negative number) in the operating section of Gonzales' cash flow statement. 0 c} Result in $23,520 shown as a negative number in the investing section of Gonzales' cash flow statement. 0 d} Result in $9,408 shown as a positive number in the investing section of Gonzales' cash flow statement. 0 '3} None of these statements is correct