The Jones and Brown medical practice bought new equipment for a total price of $50,000....
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Accounting
The Jones and Brown medical practice bought new equipment for a total price of $50,000. The old equipment that was being replaced was traded in on the new equipment. The seller allowed $10,000 for the equipment that was traded in. What is the resulting Jones and Brown cumulative cash flow?
A) $60,000
B) $50,000
C) $40,000
D) $10,000
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