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What total amount reported in investing activities section

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Problem 1: If a gain of $11,000 is realized in selling (for cash) office equipment having a book value of $55,000, the total amount reported in the investing activities section of the statement of cash flows is

a. $11,000

b. $66,000

c. $55,000

d. $44,000

 

Reference no: EM132985641

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