A machine with a cost of $190,000 and accumulated depreciation of $95,000 was sold for $50,000 cash.

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A machine with a cost of $190,000 and accumulated depreciation of $95,000 was sold for $50,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

-$120,000.

-$50,000.

-$45,000.

-$35,000.

-$80,000.

Related Book For answer-question

Advanced Financial Accounting

ISBN: 978-0078025624

10th edition

Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker

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Posted Date: Oct 17, 2022 03:15 AM

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A machine with a cost of $190,000 and accumulated depreciation of $95,000 was sold for $50,000 cash.

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Advanced Financial Accounting

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