Equipment with a book value of $8000 is sold for $1000 cash. The statement of cash flows will report a:
A) $1000 cash inflow in the operating activities section
B) $1000 cash inflow in the investing activities section.
C) $7000 cash outflow in the operating activities section.
D) $7000 cash outflow in the financing activities section.
Correct Answer:
Verified
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