Mega Sales sells some store fixtures acquired a few years back. The acquisition cost of the fixtures is $12,500, the accumulated depreciation on these fixtures is $9,750 at the time of sale. The fixtures are sold at a gain of $250. This event would be recorded in the Investing section of the statement of cash flows as an:
a. inflow of $3,000
b. inflow of $250
c. outflow of $12,500
d. inflow of $2,750
Ans: a. inflow of $3,000
Business
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