During the fourth quarter of the fiscal year, a form sells a production machine with...
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Accounting
During the fourth quarter of the fiscal year, a form sells a production machine with a book value of 300,000 for 275,000. Assuming that the form uses direct method, how will this transaction be reflected on its statement of cash flows?
1. operating cash inflow of 325,000
2. investing cash inflow of 275,000
3. Operating cash inflow of 25,000; investing in inflow of 275,000.
4. Investing cash inflow of 300,000
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