A machine with a cost of $143,000 and accumulated depreciation of $98,000 is sold for $56,500 cash. The amount that shouldbe reported as a source of cash under cash flows from investing activities is:Multiple Choice$11,500.$45,000.Zero. This is a financing activity.< Prev16 of 30Nex >

Under cash flow from Investing activities section of the Cash Flow Statement, any amount of cash…

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ced as a source of cash under cash flows from investing activities is: tiple Choice $11,500.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 14MC: If beginning cash equaled $10,000 and ending cash equals $19,000, which is true? A. Operating cash...

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Question

A machine with a cost of $143,000 and accumulated depreciation of $98,000 is sold for $56,500 cash. The amount that should
be reported as a source of cash under cash flows from investing activities is:
Multiple Choice
$11,500.
$45,000.
Zero. This is a financing activity.
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