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Quiz Tools If a business sells for $8,000 equipment that cost $25,000 and has $20,000 of accumulated depreciation, how is this reported in the statement

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Quiz Tools If a business sells for $8,000 equipment that cost $25,000 and has $20,000 of accumulated depreciation, how is this reported in the statement of cash flows? 7 10 Multiple Choice Collapse $8.000 cash inflow financing activities, $3,000 gain as an addition from net income under operating activities $8,000 inflow as an investing activity, and $3,000 gain as a subtraction from net income under operating activities $8,000 cash inflow as an investing activity only $8,000 cash outflow as an investing activity $8.000 cash inflow in financing activities, and $3,000 loss as an addition to net income under operating activities Type here to search O RI We 1 328 PM 9/13/2020

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