Advanced Placement (AP), 21.10.2019 15:30 mayhy100

Liberty industries prepares its statement of cash flows using the direct method. liberty sold equipment with a book value of $9,000.00 at a gain of $2,500.00. the amount to be reported on the statement of cash flows under investing activities is

a. $2,500.00.

b. $11,500.00.

c. $9,000.00.

d. $6,500.00.

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Liberty industries prepares its statement of cash flows using the direct method. liberty sold equipm...