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Advising Company uses the indirect method. During 2005, the company sold equipment for $3,000. The equipment had a book value of $2,700. On the statement of cash flows, a. $300 is added to the investing activities section b. $2,700 is added to the operating activities section c. $3,000 is added in the investing activities section and $300 is added to net income in the operating activities section. d. $3,000 is added to the investing activities section and $300 is deducted from net income in the operating activities section. e. None of the above.

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