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 technology for the wireless transmission of sound broadcasts to a wide audience, playing a key role in mass communication throughout the 20th century.