Tomrsquos wear sold a piece of equipment for 17600 the, Financial Accounting

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Tomrsquos wear sold a piece of equipment for 17600 the

Tom’s Wear sold a piece of equipment for $17,600. The carrying value of the equipment was $17,000. The original cost of the equipment was $25,000. A gain on the sale of $600 was reported. The amount of cash reported on the statement of cash flows was:

a. $600 net inflow.

b. $17,600 net inflow.

c. $7,400 net outflow.

d. $8,000 net outflow.

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Financial Accounting: Tomrsquos wear sold a piece of equipment for 17600 the

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Financial Accounting: Tomrsquos wear sold a piece of equipment for 17600 the

Reference No:- TGS01595572

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