Business
Business, 26.12.2019 20:31, eagles2286

Fox co. sold used equipment for a cash amount equaling its carrying amount for both book and tax purposes. later that year, fox replaced the equipment by paying cash and signing a note payable for new equipment. the cash paid for the new equipment exceeded the cash received for the old equipment. how should these equipment transactions be reported in fox's statement of cash flows? group of answer choices

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Fox co. sold used equipment for a cash amount equaling its carrying amount for both book and tax pur...

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