During the current year, ABC Corporation did not purchase any property, plant and equipment, but sold...
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During the current year, ABC Corporation did not purchase any property, plant and equipment, but sold land with a book value of $6,000 for $12,000 cash and sold a delivery truck with a cost of $18,000, depreciation of $16,000, and an appraised value of $5,000 for $4,000. What is ABC's net cash flows provided by investing activities for the year? $16,000 $24,000 $8,000 $11,000 During the current year, ABC Corporation did not purchase any property, plant and equipment, but sold land with a book value of $6,000 for $12,000 cash and sold a delivery truck with a cost of $18,000, depreciation of $16,000, and an appraised value of $5,000 for $4,000. What is ABC's net cash flows provided by investing activities for the year? $16,000 $24,000 $8,000 $11,000
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Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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