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The Plant Assets account and Accumulated Depreciation-Plant Assets account of Cine Creation show the following: (Click the icon to view the data.) Cine Creation sold
The Plant Assets account and Accumulated Depreciation-Plant Assets account of Cine Creation show the following: (Click the icon to view the data.) Cine Creation sold plant assets at an $8,000 loss. Where on the statement of cash flows should Cine Creation report the sale of plant assets? How much should the business report for the sale? O A. O B. C. 0 D. Financing cash flows- ash receipt of $44,000 Investing cash flows-cash receipt of $52,000 Investing cash flows cash receipt of $36,000 Investing cash flows cash receipt of $44,000 Plant Assets 12/31/2017 100,000 Acquisitions 399,000 12/31/2018 445,000 54,000 Disposals Accumulated Depreciation-Plant Assets 25,000 12/31/2017 25,000 Depr. Exp 40,000 12/31/2018 Disposals 10,000
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