Business, 24.05.2021 14:00 Mypasswordishotdog11

Atlanta Company sold equipment for cash. The income statement shows a gain on the sale of $1020. The net book value of the asset was $3810. Which of the following statements describes the cash effect of the transaction? a. positive cash flow of $2,790 from sting activities
b. positive cash flow of $4,830 from investing activities
c. negative cash flow of $2,790 for operating activities
d. negative cash flow of $4,830 for financing activities

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Atlanta Company sold equipment for cash. The income statement shows a gain on the sale of $1020. The...

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