Northland Fabrication Ltd. sold equipment during 2026 for ca…
Northland Fabrication Ltd. sold equipment during 2026 for cash proceeds of $34,000. The equipment had a carrying amount of $28,000, and the company recognized a $6,000 gain on the sale.Northland prepares its statement of cash flows using the indirect method.How should this transaction be reflected in the statement of cash flows?
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