A building with a book value of $44,122 is sold for $59,710 cash. Using the indirect...
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A building with a book value of $44,122 is sold for $59,710 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of Oa, $44,122 from investing activities Ob. $59,710 from investing activities Oc. $44,122 from investing activities and an addition to net income of $15,588 Od. $59,710 from investing activities and a deduction from net income of $15,588 A building with a book value of $44,122 is sold for $59,710 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of Oa, $44,122 from investing activities Ob. $59,710 from investing activities Oc. $44,122 from investing activities and an addition to net income of $15,588 Od. $59,710 from investing activities and a deduction from net income of $15,588
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Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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