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Tangiers Company reported a loss of $1,300 for the sale of equipment for cash

Accounting

Tangiers Company reported a loss of $1,300 for the sale of equipment for cash. The equipment had a cost of $32,000 and accumulated depreciation of $29,500. How much will Tangiers report in the cash flows from investing activities section of its statement of cash flows?

a. $1,200

b. $1,300

c. $30,700

d. $3,800

 

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