A machine with a cost of $146,000 and accumulated depreciation of $101,000 is sold for $58,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
A. $13,000.
B. $58,000.
C. $45,000.
D. Zero. This is an operating activity.
E. Zero. This is a financing activity.
Answer: B
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A. is of limited use. B. offers options in currencies hedged, as well as in amounts and settlement dates. C. is seldom used. D. offers great flexibility in currencies hedged, as well as in amounts and settlement dates.
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Fill in the blank with the appropriate word.