Question: When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation

When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of an increase in the Equipment account of $250,000 which represented purchase of new equipment that required a payment of $250,000 cash?

Group of answer choices

A Less the $250,000 as Cash paid for the purchase of equipment in the Cash flow from Investing Activities section of the Statement of Cash Flow.

B Add the $250,000 as Cash received from the purchase of equipment in the Cash flow from Investing Activities section of the Statement of Cash Flow.

C Add the $250,000 as Cash received from the purchase of equipment in the Cash flow from Financing Activities section of the Statement of Cash Flow.

D. Less the $250,000 as Cash paid for the purchase of equipment in the Cash flow from Financing Activities section of the Statement of Cash Flow.

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