Question 40 7.5 pts Selected information from the company's financial records is presented below: Equipment,...
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Question 40 7.5 pts Selected information from the company's financial records is presented below: Equipment, December 31, 2019 $300,000 Equipment, December 31, 2020 400,000 During 2020, the company sold only one equipment with a cost of $50,000 and accumulated depreciation of $30,000. A gain of $10,000 was recognized on the sale of the equipment Assume that all purchases of equipment were paid with cash. What was the net cash flow for investing activities during 2020 (parentheses indicates cash outflow)? $(50,000) $(150,000) $(100,000) $(120,000)
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