Answered: a. $81,000. b. $6,000. c. $87,000. d.…

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a. $81,000. b. $6,000. c. $87,000. d. $0; this is a financing activity. e. $0; this is an operating activity.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements

Section: Chapter Questions

Problem 8QY: What is the amount of ending capital shown on the balance sheet for Floress Catering? a. 22,000 b....

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Question

A machine with a cost of $175,000 and accumulated depreciation of $94,000 is sold for $87,000 cash. The amount reported as a source of cash under cash flows from investing activities is:

a. $81,000.
b. $6,000.
c. $87,000.
d. $0; this is a financing activity.
e. $0; this is an operating activity.

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