Apple Inc. has an equipment with accumulated depreciation of $200,000 as on December
31, 2016. The equipment was purchased on January 1, 2015 for $500,000. On December
31, the equipment is sold for $350,000. How would this sale of equipment be reported on
statement of cash flows?
a. Operating activities +$50,000, Investing activities +$300,000
b. Operating activities +S50,000, Investing activities +$350,000
c. Operating activities +$50,000, Investing activities +$500,000
d. Operating activities -$50,000, Investing activities +$350,000
Answers
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2
Answer:
sorry I don't know the Answer
Answered by
9
Answer:
a. Operating activities +$50,000, Investing activities +$300,000
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