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Item $20$

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Learning Objective $12-$P$3$: Determine cash flows from both investing and financing activities.

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Cash flows from both investing and financing activities are determined by identifying the cash flow effects of transactions and events affecting each balance sheet account related to these activities. All cash flows from these activities are identified when we can explain changes in these accounts from the beginning to the end of the period.

Analyzing Noncurrent Assets $$ Cash Flows from Investing

$-1$:$30$

$1$x

Knowledge Check $01$

A machine with a cost of $$100,000$ and accumulated depreciation of $$98,000$ is sold for $$70,000$ cash. The amount that should be reported as a source of cash under cash flows from investing activities is $\_\_\_\_\_\_$blank.

multiple choice

$$2,000$

$$68,000$

$$98,000$

$$100,000$

$$70,000$