Statement of Cash Flow Quiz Help Save Exit Submit 4 A machin

Statement of Cash Flow Quiz Help Save &Exit; Submit 4 A machine with a cost of $145,000 and accumulated depreciation of $100,000 is sold for $57.500 cash. The amount that reported as a source of cash under cash flows from investing activities is Multiple Choice 512500 $45,000. Zero This is a financing activny Zero. This is on opereting octivity

Solution

The Amount that should be reported as source of cash under cash flow from investion activities is:
Cash received from sale of a machine = $57,500