BUS-A 312 #1

BUS-A 312 #1 - c. deduction from net income of $12,000 and...

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Equipment which cost $213,000 and had accumulated depreciation of $114,000 was sold for $111,000. This transaction should be shown on the statement of cash flows (indirect method) as a(n) a. addition to net income of $12,000 and a $111,000 cash inflow from financing activities. b. deduction from net income of $12,000 and a $99,000 cash inflow from investing activities.
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Unformatted text preview: c. deduction from net income of $12,000 and a $111,000 cash inflow from investing activities. d. addition to net income of $12,000 and a $99,000 cash inflow from financing activities....
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