IDNLearn.com offers a collaborative platform for sharing and gaining knowledge. Join our Q&A platform to receive prompt and accurate responses from knowledgeable professionals in various fields.

blue co. sold plant assets costing $15,000 with accumulated depreciation of $10,000 for $7,000. as a result, blue co will report on the statement of cash flows in the cash flows from investing activities section. multiple choice question. a decrease of $7,000 in the investing activities section a gain of $2,000 in the financing section an increase of $7,000 in the investing activities section a loss of $2,000 in the financing section