Phelm Corporation sold a piece of equipment for cash and recognized a gain of $5,000....
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Accounting
Phelm Corporation sold a piece of equipment for cash and recognized a gain of $5,000. The original cost was $34,000 and the accumulated depreciation just prior to the sale totaled $19,000. What amount will appear in the investing activities section of the statement of cash flows?
$20,000
$54,000
$10,000
$15,000
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