Rodgers Company sold equipment with a book value of $14,000 for $17,000. How will this transaction appear in the operating activities section of the statement of cash flows? A $3,000 decrease in cash A $3,000 increase in cash A $17,000 decrease in cash A $17,000 increase in cash This transaction is an investing activity and does not affect the operating activities.
Rodgers Company sold equipment with a book value of $14,000 for $17,000. How will this transaction appear in the operating activities section of the statement of cash flows? A $3,000 decrease in cash A $3,000 increase in cash A $17,000 decrease in cash A $17,000 increase in cash This transaction is an investing activity and does not affect the operating activities.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Rodgers Company sold equipment with a book value of $14,000 for $17,000. How will this transaction appear in the operating activities section of the statement of
A $3,000 decrease in cash
A $3,000 increase in cash
A $17,000 decrease in cash
A $17,000 increase in cash
This transaction is an investing activity and does not affect the operating activities.
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