49. Assume U.S. GAAP (generally accepted accounting principles) applies unless
otherwise noted.
At the end of the year, a company sold equipment for $30,000 cash. The
company paid $110,000 for the equipment several years ago and had recorded
accumulated depreciation of $70,000 at the time of its sale. All else equal, the
equipment sale will result in the company’s cash flow from:
A. investing activities increasing by $30,000.
B. investing activities decreasing by $10,000.
C. operating activities being $10,000 less than net income.
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