Problem: When property, plant, or equipment are sold at price that is in excess of book value, the sales should be reported as an inflow of cash from an investing activity equal to the A. book value of the asset. B. cash selling price of the asset. C. cash selling price of the asset minus any gain on the asset. D. cash selling price of the asset minus the book value.

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Problem Details

When property, plant, or equipment are sold at price that is in excess of book value, the sales should be reported as an inflow of cash from an investing activity equal to the

A. book value of the asset.

B. cash selling price of the asset.

C. cash selling price of the asset minus any gain on the asset.

D. cash selling price of the asset minus the book value.

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