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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
A company sold equipment with a book value of $10,000 at a gain of $2,500. How much can be reported in the investing activities section of the statement of cash flows as cash received upon the sale of the equipment?
A) The cash received upon the sale of the equipment is $10,000.
B) The cash received upon the sale of the equipment is $2,500.
C) The cash received upon the sale of the equipment is $7,500.
D) The cash received upon the sale of the equipment is $12,500.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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bernie2981 Author
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8 years ago
Thank you, thank you, thank you!
nicolepope23
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Yesterday
Thanks for your help!!
alpheratz
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2 hours ago
You make an excellent tutor!
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