Equipment with a Book Value of $8,000 Is Sold for $3,000

question 114

Multiple Choice

Equipment with a book value of $8,000 is sold for $3,000 cash.The statement of cash flows will report a:

• A)$3,000 cash inflow in the operating activities section
• B)$3,000 cash inflow in the investing activities section.
• C)$5,000 cash outflow in the operating activities section.
• D)$5,000 cash outflow in the financing activities section.

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Definitions:

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A term from attachment theory describing individuals who have difficulties forming healthy emotional bonds and tend to have trust issues in relationships.

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A developmental stage where an individual undergoes physical changes to reach sexual maturity and the ability to reproduce.

Rapid Physical Development

A phase, usually during puberty, where individuals experience swift growth in physical stature and bodily changes, significant for adolescent psychology.