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What amount should innovations report on the statement

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Reference no: EM132094439

Question - Innovations Camera Co. sold equipment with a cost of $18,000 and accumulated depreciation of $6,000 for an amount that resulted in a gain of $4,000.

What amount should Innovations report on the statement of cash flows as "proceeds from sale of plant assets"?

A. $14,000

B. $16,000

C. $15,000

D. Some other amount

Reference no: EM132094439

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