Multiple Choice
If a loss of $12,000 is incurred in selling (for cash) equipment having a book value of $60,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is:
A) $12,000.
B) $60,000.
C) $48,000.
D) $78,000.
Correct Answer:
Verified
Correct Answer:
Verified
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