XYZ SOLD A PIECE OF EQUIPMENT FOR $15,000 CASH. THE EQUIPMENT COST $22,000 AND HAD ACCUMULATED DEPRECIATION OF $7,000. WHAT AMOUNT WAS REPORTED ON THE STATEMENT OF CASH FLOWS AS "CASH INFLOW FROM THE SALES OF EQUIPMENT" AND WHICH ACTIVITY WAS IT INCLUDED IN ON THE STATEMENT OF CASH FLOWS? $0 INVESTING O $15,000 OPERATING O $15,000 INVESTING O $15,000 FINANCING PrtSc Ins F5 F6 F7 F8 F9 F10 F11 F12 & ) 8 %3D Y | J K + II oŏ 7 HI II 96

XYZ SOLD A PIECE OF EQUIPMENT FOR $15,000 CASH. THE EQUIPMENT COST $22,000 AND HAD ACCUMULATED DEPRECIATION OF $7,000. WHAT AMOUNT WAS REPORTED ON THE STATEMENT OF CASH FLOWS AS "CASH INFLOW FROM THE SALES OF EQUIPMENT" AND WHICH ACTIVITY WAS IT INCLUDED IN ON THE STATEMENT OF CASH FLOWS? $0 INVESTING O $15,000 OPERATING O $15,000 INVESTING O $15,000 FINANCING PrtSc Ins F5 F6 F7 F8 F9 F10 F11 F12 & ) 8 %3D Y | J K + II oŏ 7 HI II 96

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 12PA: Garcia Co. owns equipment that costs $76,800, with accumulated depreciation of $40,800. Garcia sells...

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