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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
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 a $10,000 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 $52,000 OB. Investing cash flows-cash receipt of $32,000 O C. Financing cash flowscash receipt of $42,000 OD. Investing cash flowscash receipt of $42,000 Plant Assets 12/31/2017 Acquisitions 12/31/2018 100,000 430,000 475,000 55,000 Disposals Accumulated Depreciation Plant Assets Disposals 13,000 22,000 12/31/2017 27,000 Depr. Exp. 36,000 12/31/2018 Print Done
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