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Home Q & A Board Other Fields Homework Help Business Accounting
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MsCorrine MsCorrine
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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:
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hnm123hnm123
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5 years ago
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