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The Plant Assets account and Accumulated Depreciation-Plant Assets account of Mountain View Hotel show the following: Click the icon to view the data.) Mountain View
The Plant Assets account and Accumulated Depreciation-Plant Assets account of Mountain View Hotel show the following: Click the icon to view the data.) Mountain View Hotel sold plant assets at a $18,000 loss. Where on the statement of cash flows should Mountain View Hotel report the sale of plant assets? How much should the business report for the sale? O A. Investing cash flows-cash receipt of $24,000 B. Financing cash flows-cash receipt of $42,000 C. Investing cash flows-cash receipt of $60,000 OD. Investing cash flows-cash receipt of $42,000 h fla 0 - X Data Table sh file h fla sh fic Plant Assets 12/31/2017 80,000 Acquisitions 432,000 56,000 Disposals 12/31/2018 456,000 Accumulated DepreciationPlant Assets 20.500 12/31/2017 Disposals 14,000 25,000 Depr. Exp. 31.500 12/31/2018 Print Done
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