(Solved): In 2018, Anderson Company Purchased Equipment For $365,000 And Also Sold Some Special Purpose Machin...
in 2018, Anderson Company purchased equipment for $365,000 and also sold some special purpose machinery with a book value of $155,800 for $183,000. In its statement of cash flows for 2018, Anderson should report the following with respect to the above transactions:
$182,000 net cash used by investing activities; $27,200 net cash provided by operating activities.
$182,000 net cash used by investing activities.
$365,000 net cash used by investing activities.
$365,000 cash used by investing activities; $183,000 cash provided by financing activities.