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If a gain of $18,000 is incurred in selling (for cash) office equipment having a book value of $120,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is:

a. $102,000.

b. $120,000.

c. $138,000.

d. $18,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9404514

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