If a gain of $11,000 is realized in selling (for cash) office equipment having a book value of $55,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is
a. $11,000
b. $66,000
c. $55,000
d. $44,000
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If a gain of $11,000 is realized in selling (for cash) office equipment having a book value of $55,000, the total amount reported in the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » If a gain of $11,000 is realized in selling (for cash) office equipment having a book value of $55,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is a. $11,000 b. $66,000 c.