A corporation reported the following information for the past year: net income 200000,depreciation expense 30000, loss on sale of truck 5000,proceeds from sale of truck 8000, decrease in accounts receivable 10000.What amount will be reported under Cash from Investing Activities? O $3,000 O $8,000 O $13,000
A corporation reported the following information for the past year: net income 200000,depreciation expense 30000, loss on sale of truck 5000,proceeds from sale of truck 8000, decrease in accounts receivable 10000.What amount will be reported under Cash from Investing Activities? O $3,000 O $8,000 O $13,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 13MCQ
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