Montana Corp. is preparing its statement of cash flows. During the period, Montana sold a machine for $20,000. The machine had an original purchase price of $50,000 and a book value at the time of the sale of $40,000. How would this sale appear on the statement of cash flows? O operating cash inflow of $20,000 O operating cash outflow of $30,000 O investing cash inflow of $20,000 O investing cash inflow of $30,000

Montana Corp. is preparing its statement of cash flows. During the period, Montana sold a machine for $20,000. The machine had an original purchase price of $50,000 and a book value at the time of the sale of $40,000. How would this sale appear on the statement of cash flows? O operating cash inflow of $20,000 O operating cash outflow of $30,000 O investing cash inflow of $20,000 O investing cash inflow of $30,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 3GI: Thompson Company sold a piece of equipment that had an original cost of 22,000 and a carrying value...

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