The investing activities section of statement of cash flows

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During Benson most recent fiscal year, beginning plant assets, net of depreciation totaled $150,000 and the ending plant assets totaled $187,500. Depreciation espense of $10,500 and a loss on sale of equipment of $1,125 was reported on the income statement. The company purchased plant assets for $60,050 during the year. How much will be reported as cash received from the sale of equipment in the investing activities section of the statement of cash flows?

Reference no: EM131263031

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