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The Demlo Company sold equipment for cash. The income statement shows a loss on sale of $5.000 The net book value of the asset prior
The Demlo Company sold equipment for cash. The income statement shows a loss on sale of $5.000 The net book value of the asset prior to sale was $24,000. Which of the following statements describes the cash effect of the transaction? O A. positive cash flow of 519.000 in investing activities OB. positive cash flow of $29.000 in investing activities O C. negative cash flow of $19.000 in operating activities OD. negative cash flow of $14.000 in financing activities
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