Using the indirect method to prepare the statement of cash flows, ABC Company sold equipment for $11,700 cash, sold land for $5,100 cash, and purchased another piece of equipment for $27,000. The net cash flows provided by /used for investing activities is A. $10,200 OB. $(10,200) OC. $15,300 D. $(15,300)

Np Ms Office 365/Excel 2016 I Ntermed
1st Edition
ISBN:9781337508841
Author:Carey
Publisher:Carey
Chapter6: Managing Multiple Worksheets And Workbooks
Section: Chapter Questions
Problem 2.3CP
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Using the indirect method to prepare the statement of cash flows, ABC Company sold equipment for $11,700 cash, sold land for
$5,100 cash, and purchased another piece of equipment for $27,000. The net cash flows provided by /used for investing
activities is
OA. $10,200
OB. $(10,200)
OC. $15,300
OD. $(15,300)
GRITH
Transcribed Image Text:Using the indirect method to prepare the statement of cash flows, ABC Company sold equipment for $11,700 cash, sold land for $5,100 cash, and purchased another piece of equipment for $27,000. The net cash flows provided by /used for investing activities is OA. $10,200 OB. $(10,200) OC. $15,300 OD. $(15,300) GRITH
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