A building with a book value of 40219 is sold for 55018, Ask an Expert

Accounting

A building with a book value of $40,219 is sold for $55,018 cash using the indirect method, choose how this transaction should be shown on the statement of cash flows.

an increase of $55,018 from investing activities

an increase of $55,018 from investing activities and a deduction from net income of $14,799

an increase of $40,219 from investing activities and an addition to net income of $14,799

an increase of $40,219 from investing activities

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91397073

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