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Question - Camera Co. sold equipment with a cost of $22,000 and accumulated depreciation of $6,000 for an amount that resulted in a gain of $5,000. What amount should Innovativeness report on the statement of cash flows as "proceeds from sale of plant assets"?
A. $11,000
B. $16,000
C. $21,000
D. Some other amount
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Callahan Company uses the weighted-average method in its process costing system. The cost per equivalent unit for direct materials is
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