Would a sale of equipment for cash be considered a financing activity or an investing activity? Why?

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Managerial Accounting

ISBN: 978-0697789938

13th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

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Question Posted: Jun 30, 2011 01:20 AM

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Would a sale of equipment for cash be considered a financing activity or an investing activity? Why?

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