If a gain of $25,000 is incurred in selling (for cash) office equipment having a book value of $100,000, the total amount reported in the cash flows from the investing activities section of the statement of cash flows is
A) $75,000.
B) $100,000.
C) $125,000.
D) $25,000.

Question

Quizplus · Accepted Answer

The total amount reported in the cash flows from the investing activities section of the statement of cash flows would be the cash received from the sale of office equipment, which is $125,000 ($100,000 book value + $25,000 gain).

If a Gain of $25,000 Is Incurred in Selling (For