A machine with a cost of $156,000, accumulated depreciation of $98,000, and current year depreciation expense of $23,500 is sold for $50,400 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
A. $23,500.
B. $47,600.
C. $50,400.
D. $24,100.
E. $7600.
Answer: C
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