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If a gain of $9,000 is incurred in selling (for cash) office equipment having a book value of $55,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is:

$46,000
$9,000
$55,000
$64,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9450114

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