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Charlene Company Sold a Printer with a Cost of $68,000

Question 57

Multiple Choice

Charlene Company sold a printer with a cost of $68,000 and accumulated depreciation of $23,000 for $20,000 cash.This transaction would be reported as:


A) An operating activity.
B) An investing activity.
C) A financing activity.
D) None of these answer choices is correct.

Correct Answer:

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