Business, 06.05.2020 01:32 rodrickahammonds

Equipment which cost $426,000 and had accumulated depreciation of $228,000 was sold for $222,000. This transaction should be shown on the statement of cash flows (indirect method) as a(n):.
A) deduction from net income of $24,000 and a $222,000 cash inflow from investing activities.
B) deduction from net income of $24,000 and a $198,000 cash inflow from investing activities.
C) addition to net income of $24,000 and a $222,000 cash inflow from financing activities. D) addition to net income of $24,000 and a $198,000 cash inflow from financing activities.

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Equipment which cost $426,000 and had accumulated depreciation of $228,000 was sold for $222,000. Th...

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