The Plant Assets account and Accumulated Depreciation--Plant Assets account of Star Media show the following: ...Star Media sold plant assets at an $ 11m 000 loss. Where on the statement of cash flows should Star Media report the sale of plant assets? How much should the business report for the sale?
A. Financing cash flows--cash receipt of $ 42, 000
B. Investing cash flows--cash receipt of $ 53, 000
C. Investing cash flows--cash receipt of $ 31, 000
D. Investing cash flows--cash receipt of $ 42, 000
Answer: C. Investing cash flows--cash receipt of $ 31, 000
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A) the stepping-stone method never finds a feasible solution. B) the stepping-stone method ignores costs. C) the stepping-stone method ALWAYS finds a lower-cost solution. D) the stepping-stone method guarantees an optimal solution. E) the stepping-stone method does not consider factory capacities.
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