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Suppose CAT decides to sell all its remaining property and equipment on December 31, 2022 for the price of $14 billion (i.e., $14,000 million). What
Suppose CAT decides to sell all its remaining property and equipment on December 31, 2022 for the price of $14 billion (i.e., $14,000 million). What effect would this hypothetical transaction have on the following financial statement captions. Ignore taxes. Make sure to write the dollar amounts that the captions would change by. Answer in millions (i.e., for a $1 million decrease, write "-1" and for a $1 million increase, write "1").
- Total Assets
- Net Income
- Operating Cash Flow
- Investing Cash Flow
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