Productivity Enterprises uses the direct method when preparing its statement of cash flows. Productivity sold equipment with a book value of $9,000 at a loss of $1,500. The amount to be reported on the statement of cash flows in the operating activities section is:

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The Answer of Productivity Enterprises uses the direct method when preparing its statement of cash flows. Productivity sold equipment with a book value of $9,000 at a loss of $1,500. The amount to be reported on the statement of cash flows in the operating activities section is:

Productivity Enterprises Uses the Direct Method When Preparing Its Statement