Equipment with a boom value of 9,000 is sold for 4,000 cash. The statement of cash flows will report a A. 4,000 cash inflow in the investing activities section B. 5,000 cash outflow in the finadning actigiites section C. 5;000 cash outflow in the operating activities section D. 4,000 cash inflow in the operating activities section

Equipment with a boom value of 9,000 is sold for 4,000 cash. The statement of cash flows will report a A. 4,000 cash inflow in the investing activities section B. 5,000 cash outflow in the finadning actigiites section C. 5;000 cash outflow in the operating activities section D. 4,000 cash inflow in the operating activities section

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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