Save & E A machine with a cost of $136,000 and accumulated depreciation of $88,000 is sold for $56,000 cash. The cash flow amount the should be reported in the operating activities section reported under the direct method is:

Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section19.6: Buying Intangible Assets And Calculating Amortization Expense
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A machine with a cost of $136,000 and accumulated depreciation of $88,000 is sold for $56,000 cash. The cash flow amount the
should be reported in the operating activities section reported under the direct method is:
Multiple Choice
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Transcribed Image Text:education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/a Help A machine with a cost of $136,000 and accumulated depreciation of $88,000 is sold for $56,000 cash. The cash flow amount the should be reported in the operating activities section reported under the direct method is: Multiple Choice #的 3 C e d $56,000. $8,000. $48,000. с $ 4 f 2 % 5 C t < Prev g A 6 Saved 13 of 20 DELL y C & 7 O u Next > 80 11 i O 9 k ✓ O O E Save & E p
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