Questionin the 2012 year bale company sold equipment with a

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Question:

In the 2012 year, Bale Company sold equipment with a book value of $90,000 for proceeds of $104,000. The company purchased latest equipment for $240,000 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2012. The investing section of the statement of cash flows will report

a. Total cash outflows of $136,000.

b. Total cash inflows of $14,000.

c. Total cash outflows of $226,000.

d. Total cash inflows of $104,000.

Reference no: EM13348707

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