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the company receive from the Woment sale? Q-69. Silverago Incorporated, an international metals company, reported a loss on the sale of equipment of $2 million
the company receive from the Woment sale? Q-69. Silverago Incorporated, an international metals company, reported a loss on the sale of equipment of $2 million in 2010. In addition, the company's income statement shows depreciation expense of $8 million and the cash flow statement shows capital expenditure of $10 million, all of which was for the purchase of new equipment. Using the following information from comparative balance sheets, how much cash did Balance Sheet Item 12/31/2009 12/31/2010 Change $100 million $105 million $5 million Equipment Accumulated depreciation-equipment $40 million $46 million $6 million A. $1 million. B. $2 million. C. $3 million. 306
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