Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
MsCorrine MsCorrine
wrote...
Go to Answer
Posts: 355
Rep: 15 0
5 years ago
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
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
Read 57 times
2 Replies
Replies
Answer verified by a subject expert
hnm123hnm123
wrote...
#1
Posts: 217
Rep: 51 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

MsCorrine Author
wrote...
#2
5 years ago
White Checkmark
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1257 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 250
  
 666
  
 843
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 431
Previous poll results: What's your favorite math subject?