Chattel Company sold equipment that originally cost $46,000 and accumulated depreciation in the amount of $38,200 for $8,000 cash.
-What amount is reported in the Cash Flows from Operating Activities section of the Statement of Cash Flows for the sale of this equipment?

Question

Chattel Company sold equipment that originally cost $46,000 and accumulated depreciation in the amount of $38,200 for $8,000 cash. 
-What amount is reported in the Cash Flows from Operating Activities section of the Statement of Cash Flows for the sale of this equipment?

Quizplus · Accepted Answer

The Answer of Chattel Company sold equipment that originally cost $46,000 and accumulated depreciation in the amount of $38,200 for $8,000 cash. 
-What amount is reported in the Cash Flows from Operating Activities section of the Statement of Cash Flows for the sale of this equipment?

Chattel Company Sold Equipment That Originally Cost $46,000 and Accumulated