Creative Camera Co. sold equipment with a cost of $ 18 comma 000 and accumulated depreciation of $ 9 comma 000 for an amount that resulted in a gain of $ 2 comma 000. What amount should Creative report on the statement of cash flows as "proceeds from sale of plant assets"?
a. $16,000
b. $12,000
c. $8,000
d. Some other amount
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Home » Business » Creative Camera Co. sold equipment with a cost of $ 18 comma 000 and accumulated depreciation of $ 9 comma 000 for an amount that resulted in a gain of $ 2 comma 000.