Craig Company's old machine that cost $40,000 and had accumulated depreciation of $30,000 was traded in for a new machine of like purpose having an estimated 20-year life with an invoice price of $50,000. The company also paid $43,000 cash, along with its old machine to acquire the new machine. The new machine should be recorded at:

Successful brands have two characteristics: top-of-mind and top-choice

Indicate whether the statement is true or false

A government hospital received a cash donation restricted for construction of a new wing to the hospital. How should the donation be reported be reported in the statement of cash flows?

a. Cash inflows from operating activities b. Cash inflows from noncapital financing activities c. Cash inflows from capital and related financing activities d. Cash inflows from investing activities