Solution:
Cash flow from investing activities = sale value
= book value + gain on sale
= 114000 + 12400
= 126,400
URCES and Question 9 If a gain of $12400 is incurred in selling (for cash) office...
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> When a firm sells a piece of equipment for an amount in excess of book value, the sale of the equipment will be shown on the statement of cash flows as an investing activity that provided cash equal to the book value ? True or false ????
Abo94od Sun, Jan 16, 2022 2:41 AM