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The Plant Assets account and Accumulated DepreciationPlant Assets account of Grand Canyon Resort show the following: (Click the icon to view the data.) Grand Canyon
The Plant Assets account and Accumulated DepreciationPlant Assets account of Grand Canyon Resort show the following: (Click the icon to view the data.) Grand Canyon Resort sold plant assets at an $11,000 loss. Where on the statement of cash flows should Grand Canyon Resort report the sale of plant assets? How much should the business report for the sale? Data Table O A. Investing cash flowscash receipt of $39,000 OB. Investing cash flows-cash receipt of $50,000 OC. Investing cash flowscash receipt of $28,000 OD. Financing cash flows-cash receipt of $39,000 Beg. Acquisitions End, Plant Assets 84,000 440,000 52,000 Disposals 472.000 Accumulated Depreciation-Plant Assets 22,500 12/31/2015 Disposals 13,000 30,000 Depr. Exp. 39,500 12/31/2016 Print Done
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