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Question(s) / Instruction(s):

A machine with a cost of $141,000 and accumulated depreciation of $96,000 is sold for $55,500 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

a)            $10,500.

b)            $55,500.

c)            Zero. This is a financing activity.

d)            $45,000.

e)            Zero. This is an operating activity.

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