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Question(s) / Instruction(s):

A machine with a cost of $150,000 and accumulated depreciation of $105,000 is sold for $60,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

a)            $15,000

b)            $60,000

c)            $45,000

d)            Zero. This is a financing activity

e)            Zero. This is an operating activity

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