Question: Jamo Enterprises uses the direct method when preparing its statement of cash flows. Jamo sold equipment with a book value of $22,000 at a gain

Jamo Enterprises uses the direct method when preparing its statement of cash flows. Jamo sold equipment with a book value of $22,000 at a gain of $4,000. The amount to be reported on the statement of cash flows under "proceeds from the sale of plant assets" is: (A 18,000 B) 22,000 (C) 26,000 (D) 4,000

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