If a Gain of $70 000 Is Incurred in Selling

question 30

Multiple Choice

If a gain of $70 000 is incurred in selling equipment that has a book value of $250 000,the total amount reported in the cash flows from the investing activities section of the statement of cash flows is:

• A) $70 000.
• B) $220 000.
• C) $320 000.
• D) $270 000.

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