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Question 29 of 50 View Policies Current Attempt in Progress -/1 E Equipment which cost $421000 and had accumulated depreciation of $235000 was sold
Question 29 of 50 View Policies Current Attempt in Progress -/1 E Equipment which cost $421000 and had accumulated depreciation of $235000 was sold for $211000. This transaction should be shown on the statement of cash flows (indirect method) as a(n) O addition to net income of $25000 and a $211000 cash inflow from financing activities. O deduction from net income of $25000 and a $186000 cash inflow from investing activities. O deduction from net income of $25000 and a $211000 cash inflow from investing activities. O addition to net income of $25000 and a $186000 cash inflow from financing activities.
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