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A machine with a cost of $190,000 and accumulated depreciation of $95,000 was sold for $50,000...

A machine with a cost of $190,000 and accumulated depreciation of $95,000 was sold for $50,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
-$120,000.
-$50,000.
-$45,000.
-$35,000.
-$80,000.

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The amount that should be reported as a source of cash under cash flows from investing activities is: $50,000

Note: The full amount of consideration received for selling of machine should be shown as a cash flow from investing activities. Hence, $50,000 should be shown as cash flow from investing activies under cash flow statement.

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