When a company sells equipment for cash, which of the following is the correct reporting on the statement of cash flows?
A) Gain or loss in operating section, amount of cash received in operating section
B) Gain or loss in operating section, amount of cash received in investing section
C) Gain or loss in investing section, amount of cash received in operating section
D) Gain or loss in investing section, amount of cash received in investing section
Correct Answer:
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