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| Assume U.S. GAAP applies unless otherwise noted. At the end of the year, a company sold equipment for $40,000 cash. The company paid $100,000 for the equipment several years ago and had accumulated depreciation of $60,000 for the equipment at the time of sale. All else equal, the equipment sale will result in the company's cash flow from: A: investing activities decreasing by $10,000 B: investing activities increasing by $40,000 C: operating activities being $40,000 more than net income |
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