Question: Enabled: Chapter 12 Quiz Help Save On December 1, 20x3, Harry Gryffindor of Harry's Pottery, Inc. sold a kiin to Rowena Ravencroft for $55,000 cash
Enabled: Chapter 12 Quiz Help Save On December 1, 20x3, Harry Gryffindor of Harry's Pottery, Inc. sold a kiin to Rowena Ravencroft for $55,000 cash The original cost of the kiln was $135,000, and had accumulated depreciation of $87,500 at the end of 20x2. Harry uses the direct method to calculate cash flows from operations. What amount should be reported in the operating activities section of Harry's statement of cash flows? Multiple Choice $47,500 o $32.500 O so o $7,500 O 555.000 MacBook Air DOO 20 FJ 12 DORF F3 15 17 FB FVO # $ % A & *
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