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Romanova Inc. decides to sell an old piece of equipment and receives $ 5 , 0 0 0 cash for it . The original cost

Romanova Inc. decides to sell an old piece of equipment and receives $5,000 cash for it. The original cost of the equipment was $50,000 and it had accumulated depreciation of $47,000 associated with it.
Which of the following items would be increased by the sale of the old equipment? (check all that apply)
Gain on Sale
Total Assets
Net Income
Cash from Investing Activities
Cash from Operating Activities

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