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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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User Georaldc
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1 Answer

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The right answer is C. $9000.00

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User Bob Blob
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