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Ace Industries prepares its statement of cash flows using the direct method. Ace sold equipment with a book value of $6,400 at a loss of $800.

Ace Industries prepares its statement of cash flows using the direct method. Ace sold equipment with a book value of $6,400 at a loss of $800. The amount to be reported on the statement of cash flows under operating activities is...?

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The amount to be reported on the statement of cash flows under operating activities is NIL (when direct method is... View the full answer

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