Maverick Co. sold equipment with a cost of $30,000 and accumulated depreciation of $12,000 for an amount that resulted in a gain of $4,000. What amount should Maverick report on the statement of cash flows as "proceeds from sale of plant assets"?
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|Depreciation in Indirect Cash Flows
|Investing Activity Classification
|Operating Activities, Indirect Method
|Cash Flows and Gains
Gain on Sale of Equipment
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|Investing vs Financing
|Comprehensive Cash Flow