Question: Poole Industries prepaces its cash flow statement using the direct method Poole sold equipment with a book value of $7,000 at a gain of $2,500

Poole Industries prepaces its cash flow statement using the direct method Poole sold equipment with a book value of $7,000 at a gain of $2,500 Is the tramaction an operating activity? If so, what is the amount to be reported on the cash flow statement under operating activities? OA. Yes, $9,500 B. Yes, $2,500 OC. Yes, $7.000 OD. No, this is not an operating activity Poole Industries prepaces its cash flow statement using the direct method Poole

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