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What is the net cash inflow from investing activities

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Reference no: EM132762488

Problem 1: White Knight Ltd sold equipment cost $800,000 with accumulated depreciation $500,000 and made a loss of $10,000. What is the net cash inflow (outflow) from investing activities?

Select one:

Option 1: $300,000 cash inflow
Option 2: ($300,000) cash outflow
Option 3: ($10,000) cash outflow
Option 4: $290,000 cash inflow
Option 5: None of these

Reference no: EM132762488

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