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| Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted. At the end of the year, a company sold equipment for $30,000 cash. The company paid $110,000 for the equipment several years ago and had recorded accumulated depreciation of $70,000 at the time of its sale. All else equal, the equipment sale will result in the company's cash flow from: A:investing activities increasing by $30,000. B:investing activities decreasing by $10,000. C:operating activities being $10,000 less than net income. |
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