A machine with a cost of $130,000, current year depreciation expense of $17,000 and accumulated depreciation of $85,000 is sold for $40,000 cash. The total amount that should be reported in the operating section of the statement of cash flow as per indirect method is:
A. $21,000.
B. $4,000.
C. $22,000.
D. $17,000.
E. $57,000.
Answer: C
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Indicate whether the statement is true or false
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