Equipment that had a book value of $6,000 is sold for $20,000 cash. The statement of cash flows will report a:
A) $20,000 inflow in the investing activities section.
B) $20,000 cash inflow in the financing activities section.
C) $20,000 cash outflow in the investing activities section.
D) $14,000 inflow in the operating activities section.
Correct Answer:
Verified
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