Problem: P Company sold equipment that cost $45,600 for $12,450. Depreciation on the equipment from purchase to date of sale amounted to $35,000. What amount is reported in the Cash Flows from Investing Activities section of the Statement of Cash Flows? a) $12,450 b) $0 c) $1,850 d) $10,600

🤓 Based on our data, we think this question is relevant for Professor Reinking's class at UCF.

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P Company sold equipment that cost $45,600 for $12,450. Depreciation on the equipment from purchase to date of sale amounted to $35,000. What amount is reported in the Cash Flows from Investing Activities section of the Statement of Cash Flows?

a) $12,450

b) $0

c) $1,850

d) $10,600

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Based on our data, we think this problem is relevant for Professor Reinking's class at UCF.