Sam’s Sandals sold a piece of equipment for $17,600. The book 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...


Sam’s Sandals sold a piece of equipment for $17,600.  The book 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:

Group of answer choices

A)$600 net inflow.



B)$17,600 net inflow.



C)$7,400 net outflow.



d)$8,000 net outflow.



E)None of the above




Jun 11, 2022
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