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    College Accounting Study Set 1
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    Exam 21: Statement of Cash Flows
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    If a Loss of $70,000 Is Incurred in Selling Equipment
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If a Loss of $70,000 Is Incurred in Selling Equipment

Question 110

Question 110

Multiple Choice

If a loss of $70,000 is incurred in selling equipment having a book value of $225,000,cash flow will increase:


A) $295,000.
B) $155,000.
C) $70,000.
D) by some other number.

Correct Answer:

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