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Accounting

A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

a) $50,000

b) $5,000

c) $45,000

d) Zero. This is an operating activity

e) Zero. This is a financing activity

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M946148

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