When a Company Sells Equipment for Cash, Which of the Following

question 69

Multiple Choice

When a company sells equipment for cash, which of the following amounts is reported in the investing section of the statement of cash flows?

• A)Book value
• B)Gain on sale of equipment
• C)Depreciation expense
• D)Amount of cash received

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Definitions:

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A style, design, or fashion that draws inspiration from and evokes trends, music, modes, or attitudes of the past.

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A multinational chain of coffeehouses and roastery reserves known for its signature coffee drinks and café culture.