Shively Mfg. Co. sold for $18,000 equipment that cost $40,000 and had a book value of $30,000. Shively would report:

 Shively Mfg. Co. sold for $18,000 equipment that cost $40,000 and had a book value of $30,000. Shively would report:

Multiple Choice

Investing cash inflows of $18,000.

Financing cash inflows of $18,000.

Operating cash inflows of $18,000.

Operating cash inflows of $8,000.

 

Answer

 Investing cash inflows of $18,000.

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