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Title: Sonesta Farm Equipment Company sold equipment for cash. The income statement shows a loss on the ... Post by: MsCorrine on Jul 26, 2018 Sonesta Farm Equipment Company sold equipment for cash. The income statement shows a loss on the sale of $9,000. The net book value of the asset was $30,900. Which of the following statements describes the cash effect of the transaction?
A) positive cash flow of $39,900 from financing activities B) negative cash flow of $21,900 for operating activities C) negative cash flow of $21,900 for financing activities D) positive cash flow of $21,900 from investing activities Title: Sonesta Farm Equipment Company sold equipment for cash. The income statement shows a loss on the ... Post by: hnm123 on Jul 26, 2018 Content hidden
Title: Sonesta Farm Equipment Company sold equipment for cash. The income statement shows a loss on the ... Post by: MsCorrine on Jul 26, 2018 :heavy_check_mark:
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