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If a Loss of $20,000 Is Incurred in Selling (For

Question 2

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.

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