Business, 06.12.2019 21:31 thechef129

Sonesta farm equipment company sold equipment for cash. the income statement shows a loss on the sale of $9,000. the net book value of the asset was $30,900. which of the following statements describes the cash effect of the transaction?
a. positive cash flow of $39,900 from financing activities
b. negative cash flow of $21,900 for operating activities
c. negative cash flow of $21,900 for financing activities
d. positive cash flow of $21,900 from investing activitie

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