Problem: Equipment with an original cost of $140,000 and accumulated depreciation of $130,000 was sold for $12,000 cash . What amount of this transaction will be reported as an investing activity on the statement of cash flows? A. $10,000 B. $12,000 C. $2,000 D. $128,000

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Equipment with an original cost of $140,000 and accumulated depreciation of $130,000 was sold for $12,000 cash . What amount of this transaction will be reported as an investing activity on the statement of cash flows?

A. $10,000

B. $12,000

C. $2,000

D. $128,000

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