Multiple Choice
If a loss of $20,000 is incurred in selling (for cash) office equipment that cost $90,000 and had accumulated depreciation of $22,500, the total amount reported in the investing activities section of the statement of cash flows is
A) $70,000.
B) $67,500.
C) $47,500.
D) $87,500.
Correct Answer:
Verified
Correct Answer:
Verified
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